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Aug 2, 2020
12:09:36pm
OC Coug All-American
They play a role - to say they play more of a role for REAL WEALTH - even the
pros disagree. #1 indicator of success in the stock market - timing. Not smart picking, but timing, buy AAPL 10 years ago vs today has nothing to do with work, its when were in the earning years that mattered. We go into a flat period of market grown for the next 10 years and its nothing to do with hard work, its some people's $10,000 investment created wealth and others were small gains

#1 indicator of success in the real estate market - timing. There were a lot of tenacious and gritty individuals during the depression and the 70s who barely made ends meet. There are more slackers who bought a house, any house from 2000-2006, who are now millionaires based on very little work or effort on their own. Living in Orange County the last 20 years in this real estate and stock market its incredible to me what wealth has been created for individuals who worked half as hard as people I saw growing up in the 80s/90s. My kids and this generation have a disoriented view of the world and how easy it is to create wealth.

Hard work can get you into the race, to generate wealth you need timing on your side. Yes there are exceptions, but its a bigger factor than working hard.
OC Coug
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OC Coug
Joined
Nov 27, 2001
Last login
Mar 29, 2024
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5,297 (97 FO)
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