investing money

Out of context: Reply #30

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  • formed3

    db is correct to make real money. You need to start a business and be successful at it (as noted already, most fail, most successful people fail over and over, but they don't waiver in their goal for wealth). That's where you get huge returns you simply cannot get in any market, short of winning a little lottery.

    That said, having a diversified portfolio and a few mutual funds is a good place to park cash. Find a nice balance and keep adding to it. Keep a little extra cash to pick up more on dips (I get reminder emails sent to me when certain stocks go down below, or above, a certain point). There will always be opportunities to enter and get value, even with huge names like Apple and JNJ (though I've been waiting for a good pull back to add to the latter for ages now :-) )

    Compounding can be amazing, just don't expect miracles.

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