10 ways to wipe out your retirement savings

Discussion in 'Wealth Creation & Management' started by Pirocco, Dec 30, 2013.

  1. Pirocco

    Pirocco Well-Known Member

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  2. DanielM

    DanielM Active Member Silver Stacker

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    Read the whole thing. I always like hearing the greed stories going bad
     
  3. trew

    trew Active Member Silver Stacker

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    I much prefer option 11

    11. Spend It
     
  4. DanielM

    DanielM Active Member Silver Stacker

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    This is building up prior to 11
     
  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    No.1 applies to a lot of stackers. Just substitute 'stock' for 'metal'.
     
  6. trew

    trew Active Member Silver Stacker

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    Although the same method has seemed to have worked out well for early believers of bitcoin - for the time being at least.
     
  7. Pirocco

    Pirocco Well-Known Member

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    This was said in 2011 too, when gold, 4 months later than silver, reached it's high. Gold! Good investment!
    But also, for the time being. Only so many were able to sell at $1900. Only so many were able to sell at $1800. And so the ladder down.

    It's much like a room with 5 people and a black box with '1st Price' on it.
    They all think they wun and own the box.
    They form one happy family congratulating eachother with their win.
    But after the first takes the 1st Price, it's gone for the other 4.
    This No. X applies to a lot of wrcmads haha.
     

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