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Where To Put Your Money Right Now (Mark Cuban)
- xiaoma 18y ago>You cant afford to pay 9pct, 40pct or more. Both are far more than you can expect to make in the stock market, or any market. If you have gotten here to this point, and you just tore up your credit cards, YOU HAVE JUST EARNED A GREATER RETURN ON YOUR MONEY IN THAT PERIOD OF TIME THAN ANYONE ON WALL STREET COULD EVER EARN YEAR IN AND YEAR OUT. Joel Greenblatt has exceeded 40% over a long span of time. Lynch, Buffet, Pabrai, the Gardener brothers and many other value investors have far surpassed 9% and done so for decades. Heck, even my performance over the last 5 years tops that modest level. http://www.stockalicious.com/portfolio-performance/1937 http://www.stockalicious.com/portfolio-performance/1937
- run4yourlives 18y agoIn other words, don't hold debt.
- nostrademons 18y agoI agree, but: 1.) Why does Mark Cuban's blog entry have to look so much like a damn spam scam? 2.) I'd hope that folks investing in the stock market are smart enough not to have credit card debt in the first place. Probably misplaced hope, but seriously...if you're carrying a credit card balance, how/why do you have spare cash on hand anyway?