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Message: Re: Land

Sep 24, 2011 09:31PM

Jayview,

Land maybe be boring, but it does not bleed like PetroBakken.

A freezer full of food still feeds the family.

A roof over their head still keeps the water off.

A cord of maple for the woodstove still keeps them warm.

I invested my land (house) money in 2007. Had I put it in the mattress, I would still have it. Had I put it into a savings account, I would still have it. But no, I put it into the stock market. Some was speculative. However, the majority was in blue chips and companies that make stuff we need. Bottom line - I have less!

Since I am young, some of these companies (SU, CVE, GWO) will still be around in 20 years. But then there are the PetroBakkens of the world. This company promised the world and then watched their share price drop - pretty much EVERY day. They produce close to 40000 BOE/D, Blau, blau, blau.............

Woe Is Me! Wish I had bought a condo instead.

KG


Sep 29, 2011 08:48PM

Oct 11, 2011 02:11PM
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