Sunday, December 27, 2009

What cliche financial advice do you know?

I'm sure you've heard the old saying, ';the rich get richer, and the poor get poorer,'; but what other sayings do you know?What cliche financial advice do you know?
';The economy will improve by the second half of 2007.';





';The real estate and credit crisis has bottomed out.';





';Countrywide is is a strong financial position.';





';Bear Stearns is financially strong.';





';The government knows what's best for you.';





From --- Wall Street, 1987





';Analysts don't know the difference between preferred stock and live stock.';





';Ever wonder why fund managers can't beat the S%26amp;P 500? 'Cause they're sheep, and sheep get slaughtered.';





';What's worth doing is worth doing for money. ';





';Money's only something you need in case you don't die.';





';Having sex with her was like reading the Wall St Journal.';





';I came into Egypt a Pharoah who did not know.';





';A fool and his money are lucky enough to get together in the first place.';What cliche financial advice do you know?
Pay yourself first!





Don't be penny wise and pound foolish.





A fool and his money are soon parted.





Riches seldom make their owners rich.





All that glitters is not gold.





I've been rich and I've been poor. Rich is better.
A rich mans jokes are always funny.
buy low, sell high
When deciding when to buy or sell in the stock market...





';Be fearful when others are greedy, and greedy when others are fearful...';





It's basically saying that people are sheep, and when people are fearful the stock market goes down and that's the best time to buy. Also when people are greedy, they over-inflate the value of stocks and it's time to sell.





This is how to get rich... so what time do you think it is now?

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