The rich are getting richer!

[Dzone]

All we hear about is how bad the economy is and how everybody is hurting. I know some peeps who are stinkin filthy rich and they are raking in more dough now than ever before. They are loving this economy. Anybody else know peeps like this?

[3Vandoo]

Re: The rich are getting richer!

thats mostly propaganda

there some people who are wiser and put funds only for these type of period.

So Mister X puts down let says 100 million dollars aside that went it goes down in buy in large.

But believe me, some of the richest saw their value decreased, name the job's, gates, buffet, etc...

[Dzone]

Re: The rich are getting richer!

nationally, it may be propaganda, but I know peeps right here that are raking in money like never before from real estate deals. I know several realtors that are making a killing right now.

[3Vandoo]

Re: The rich are getting richer!

yes, the market goes down, they are openning

wouldnt you do the same at their place?

[Dzone]

Re: The rich are getting richer!

yes, the market goes down, they are openning

wouldnt you do the same at their place?

Oh of course. Im not faulting them for capitalizing. I would do the same thing if given the chance. I will say this though: this is no time for anyone to be flaunting their wealth.

[Doink the clown]

Re: The rich are getting richer!

Freakin Mcdonald's just reported massive earnings for the quarter.Seems as if people are caring less about junk food and hitting those dollar menus hard the news said.

[Waterboy]

Re: The rich are getting richer!

Dzone, I have been playing the market during this monetary melt down and have made some dollars. HAve bought stock like Wachovia when it was at it's lowest, around 2.00 -2.50 per share and sold it when it topped over 7.00 per share.
There is money to be made in the market if you watch it and buy low and sell when you can double your investment.

[pigmeat]

Re: The rich are getting richer!

Oh of course. Im not faulting them for capitalizing. I would do the same thing if given the chance. I will say this though: this is no time for anyone to be flaunting their wealth.

why not/ im making more than i ever had and im not going to hide it because some arent...