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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (5785)3/1/2000 7:55:00 PM
From: Voltaire  Read Replies (2) of 35685
 
Well gang,

got a call today from another fortune hunter. You remember my friend that I told you about that had taken $20,000 to almost $900,000 in AOL and then lost all but $120,000 and I told him when he was around $900,000 to cash in buy stock and see what the chances were that he could live off of $90,000 per month.

He repeated the process with QCOM and guess what? He called today to tell me he had only $150,000 left. This wa when ELON was around $73. I told him he could picked up about $18,000 in about the next 17 days and guess what, he finally saw the picture got ELON at around $75 and wrote some calls and called back and said it sure felt good not to have worry. He said you know, I believe I could live off of $18,000 a month. I said yes, and about $36,000 on margin I said.

I think now he will build his good life first and then start on his fortune, it didn't work the first two times.

V
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