(04-29-2024, 07:16 PM)mikesez Wrote:

(04-29-2024, 02:32 PM)jagibelieve Wrote: Talk about a wrong stereotype.  I am an investor and there are many like me that weren't "blessed" with the capital to invest.  I worked hard, long hours, sometimes away from my family for over 30 years to earn the capital that I have to invest.  I spent many years saving my money, even if it was "only" $50 or $100 per month.  Remember, $50 or $100 back in the 80's and 90's was a pretty good amount of money.

I wouldn't exactly call myself "rich" or wealthy as far as money, but I was able to retire comfortably at the age of 55.  At this point, my "income" comes from my wife's Social Security (she is older than I am) and my investments.

I also have a close friend who invested in real estate years ago.  Him and his wife acquired roughly 26 properties of their own to the point of starting their own property management business.  They worked long hours to build the business up to the point where they were able to sell for a very large sum of money.  He eventually sold off his rental properties, all but one.  They were certainly not "blessed" to be able to do it, they took a huge risk and put in the work in order to achieve what they did.

To say that "The investor is blessed to have that extra capital in the first place" is up there on your long list of ignorant statements.

Arguing the meaning of blessing is inherently a religious discussion.  You say you worked hard for it, and I'm sure you did, but it not everyone who works hard at something gets that kind of reward.  There is nobody on earth working harder than African subsistence farmers, I don't think.  Something beyond ourselves is always a factor in the reward we get.

There is nothing religious about it.

Your ignorant statement implies that investors get their capital from being "lucky" or having it given to them.  I am simply pointing out that thousands if not millions of investors earn their capital to invest through hard work.

Your ignorant statement just screams of wealth envy.  There are some in your party like Elizabeth "Pocahontas" Warren that wants to tax unrealized gains.

your other ignorant statement:

Quote:not everyone who works hard at something gets that kind of reward. 

Anyone that works hard and saves some money can achieve the same thing.  It doesn't matter if the hard work is a waitress or perhaps a construction worker.  That's part of the "American Dream".

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