Daily Investment Tips

Words of wisdom from Mark Cuban, billionaire owner of the Dallas Mavericks:

 . . . Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write. Your 2nd thought will be “what a great problem to have,” and your 3rd should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you. . . . While some people might find it distasteful to pay taxes. I don’t. I find it Patriotic.

I’m not saying that the government’s use of tax money is the most efficient use of our hard-earned capital. It obviously is not. In a perfect world, there would be a better option. We don’t live in a perfect world. We don’t live in a perfect time. We live in a time where the government plays a big role in an effort to help lead us out this Great Recession. That’s reality.

So I will repeat my point. Get out there and make a boatload of money. Enjoy the shit out your money. Pay your taxes.

written by Constantine Njeru \\ tags: Billionaire Owner, Boatload, Dallas Mavericks, Efficient Use, First Thought, Mark Cuban, Owner Of The Dallas Mavericks, Pay Taxes, Paying Taxes, Paying Your Taxes, Perfect Time, Perfect World, Recession, Tax Money, Words Of Wisdom

Back in 1992 George Soros’ bet against the British pound.

George Soros bet (correctly) that the Bank of England would not support the pound participation in the European Exchange Rate Mechanism (ERM) indefinitely by jacking up interest rates in an economy already in recession. Soros made $1 billion overnight when the Bank of England let the British currency devalue.

For indepth research on the events that led to pound devaluation and how Soros’ and other investor took advantage, read the following article, George Soros’the man who broke the bank of england

written by Constantine Njeru \\ tags: 1 Billion, Bank Of England, Bet, British Currency, British Pound, Devaluation, Economy, European Exchange, Exchange Rate Mechanism, George Soros, Interest Rates, Investor, Participation, Recession