Dot.com craze produced the number of newly minted millionaires, but many of them are lost almost as quickly as it got. Now maybe some of them regret that they did not spend more dollars on the real thing. I remember a classmate who was holding 550.000 shares of the company insider, which he helped found, a manufacturer of Internet components.
The company entered the public with a price of about $ 16 per share, and over the next few months, abruptly soared to a peak of about $ 120. For the price of our friend, was worth approximately $ 66 million. Do you think he retired and plays golf three times a week, but in fact he works 9 to 5, like most of us. Almost all of his shares were restricted for sale within the stellar rise and fall of stocks, so that he could not make a profit, which would enable him to become rich.
The only evidence that remained of his fleeting wealth - a house for 5 million in a suburb of Boston, which he bought for cash. Now he makes enough to keep house and pay taxes on it, but he could not afford to buy it today. The lesson here is that the fantastic profits, you can fuck in the stock market - just a lot of numbers in a computer Statement if we can not spend it. Some traders in Forex apparently believe that their goal - the accumulation of a large number of digits in the account. But they quickly get bored if the electron does not gain continues to accumulate with ever-increasing speed.
If you sell at a profit, it is useful from time to time to spend money on something tangible - whether it's a box of Cuban cigars or a vacation with his wife in Rio de Janeiro, or a new chair for your office. It will remind you that the blood, sweat and tears shed in transactions not in vain.
