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but many wealthy folk are the ones who go out and over-leverage ( and hire lots of stuff on leases ) Big AL was wise to avoid that whether he was a millionaire or a trillionaire , an old banking joke was Q. how do you borrow a million dollarsA. have three million in the bank more a question of living within their means rather than actual assets under management ( but loans/mortgages on those assets )now many investors expect downturns on the average to happen ( many investors are planning 20 years plus ) but are those downturns opportunities to add ( or buy something else in the retrace ) the 'quality stocks ' have had some changes even in the last 12 years , some have gone from darling to dog ( and even the odd dud )
but many wealthy folk are the ones who go out and over-leverage ( and hire lots of stuff on leases ) Big AL was wise to avoid that whether he was a millionaire or a trillionaire ,
an old banking joke was Q. how do you borrow a million dollars
A. have three million in the bank
more a question of living within their means rather than actual assets under management ( but loans/mortgages on those assets )
now many investors expect downturns on the average to happen ( many investors are planning 20 years plus )
but are those downturns opportunities to add ( or buy something else in the retrace ) the 'quality stocks ' have had some changes even in the last 12 years , some have gone from darling to dog ( and even the odd dud )
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