From: "HW \"Skip\" Weldon" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Best strategy to make $100,000 per year in 10 years?
Date: 8 Oct 2003 14:10:01 GMT
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On Wed, 8 Oct 2003 07:08:03 CST, zhendsch@yahoo.com (zak) wrote:

>However, it does seem risky to me for the original poster to take his
>entire retirement nest egg and use it as collateral for 2.5 million in
>residential real estate, especially if he has no previous real estate
>experience.

To go in a different direction, I have never met anyone who became
wealthy solely by investing.

Met a lot, though, who became successful in their career, so much so
that they saved regularly over a long time.  The point is that the
career was the key, not investments.

Ditto for entrepreneurs who built a business and sold it - met some of
them too.  Also knew a few who married money or inherited it.  And
I've heard of those who stole it.  

But nobody who invested their way to wealth.

(I know it's fun to believe investment stories.  But every time I
checked, success stories were based on one point in time during the
investment cycle.  If you check again later - during another part of
the cycle - you'll understand.)

-HW "Skip" Weldon
 Columbia, SC