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November 12, 2007


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Sounds like things are going well. I am really impressed by the hybrid credit card strategy. I had not thought to use two rewards cards in this fashion. I will definitely be crunching the numbers to see if we can benefit.

Reviewing net worth monthly is a great idea. My wife and I have been doing the same thing since moving into our house 2 years ago. And before that more sporadically, since we were just starting out (or re-starting on my part after a divorce). In that time we've seen pretty fantastic growth. Next year we might hit six figures if things go well.

"For the year, the S&P 500 is up 9.26%, so I'm doing fairly well."

How things change in the stock market in 2 weeks. Now the S&P 500 is dead flat for the year. And, it is one of the worst performing markets Year-To-Date in the world. You call that a sane investing strategy? Putting money in a CD would have netted you more this year...and probably next year as well.

Anthony --

That's why stock investing is not a short-term option. You can pick any short period of time where the market is flat -- or even down significantly. Then again, I can also pick several short periods where it was up significantly. And since no one can predict when it will swing up, you need to be invested at all times.

The market has done well for me for almost 20 years -- I'm averaging a 16% growth in net worth and a big part of that has been investing in stocks. If you'd prefer to play it safe, you can certainly put your money in a CD -- but good luck with that strategy in the long term. You'll make no progress with it whatsoever.

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