Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (14153)	1/29/2002 12:47:54 AM
From: Maurice Winn	Read Replies (2) of 74559

<The casino is a statistically-guaranteed loss. The stockmarket is a statistically-guaranteed win. > <LOL, regardless of price right?> Yes, DAK, you are right. You are learning well. If people start at age 20 [or whenever they start getting positive cash flow] and put money into the stock market every 3 months for 20 years, they are going to retire, with a compounded return of something like 5% to 10%. It's a statistical game but the outputs far exceed brokerage costs. It is not a zero-sum game with the house taking a 3% cut every couple of minutes [as in a casino]. It doesn't matter when they start. But you know all that, Mq

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