Re: Political ideology and investing
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It just seems absurd to me to think you can beat the market with anything short of inside information.
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information is crucial. i have no knowledge of investing but i have couple of good friends who get some information occasionally and have some knowledge. i'm giving them 20% of my profit, but it still leaves me with around 100% of net profit / year (82% in 2005 and 111% last year) after paying taxes. generally in have 20% of my funds constantly in bonds, 40% liquid (movable in between bonds and individual stocks), 20% at bank and available for quick overnight stock investments and 20% at my friend, whose giving me 20% / year for that. at this point i would never accept a guaranteed 20%/year.
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