Quote:
Originally posted by gilgy@Jun 11 2004, 05:56 PM
But serge, a few well calculated real estate deals can do that for you today. I have seen way too many people who are set for life come and go. I was in a business in the 60's and seventies that had way more potential profit and I saw a lot of people make a lot of money and I wonder where they are today. Of course, it was not quite as legal an enterprise.
A few of the smart guys will be set for life but I would assume that they are not posting on the boards like you and I. Why would they? They are rich, we, I guess are not.
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hmmmm.....rich do not post on the boards????
what gave you this idea????
I saw Sysco president, CEO and owner posting on RagingBull invetment chat board, and he is not exactly poor. Need more names of BILLIONAIRS for me to throw at you as an examples of posters?
I see Aga posting, Lensman posting,
and those guys are not exactly poor either.
Posting is fun and a good time killer bet ween the trades
;-)))
as for "calculated real estate deals"
I saw Harry Grant losing his shirt and declaring bancrupcy on 250,000,000 project in Newark, NJ,
I saw Reichman brothers (Olympia York) going the same route in London project....
there is NO such a thing as a "safe real estate investment with no possibility to lose"