500 trillion is a lot of loot for 1 family

GG or Jacob the Jeweler

Just as the next individual, I enjoy stacking a little change when I can. This is America, home of greed and avarice. It would only then make sense to me that wealth accumulation should be something we focus on a little more as opposed to buying and spending and shopping. But I am troubled by the spend all and save nothing mentality. This is no more evident than in the entertainment industry. This includes musicians, actors, athletes and don’t forget politicians.

Now there is nothing wrong with flossing’, whether you have it or not. But I think there is a bigger picture we need to conquer. What value should be taught to those we know and love the most from our community? I’m not cheap, but I am frugal, and so I make 6 figures annually, I have been able to save twice that on behalf of my children in their names and not mine.

The issue for me is why does, or how necessary is it for a person to have several watches worth anywhere between 25 to 100 stacks? Regardless if one has the money or not, how much time can one tell?

With $25,000, a person can buy about 6850 shares of Occulogix Inc (RHEO). At 3.65 a share, if it doubles, that will be more than 50,000 and such stocks can double in a few months. Or better yet, $100,000 can get you 1992 shares of Goldcorp Inc New (GG) out of Canada and 1034 shares of ING: Russia; A (LETRX).

Now this is not to down Mr. Jacob the Jeweler. After all, if I had been in a family of Jewelers, I’d use my craft to take advantage of plebeians that desire jewelry that valued more than 100 thousand stacks also. But in this age of multi-millionaires going broke after a few years on the job – especially rappers and athletes, it is my duty to suggest other alternatives than buying a bevy of Sierra Leone diamond laced watches.

I’m just mad that my folks are not taking advantage of the system as others have put in place. Dick Cheney know the deal – become vice President and get your company free welfare I mean military contracts and take your pay check and invest it in stocks, real- estate, and precious metals. So the next time you want to get your child or your wife some jewelry, get her a 1000 shares of Gilead Sciences Inc (GILD) – the only folks that make the bird flu vaccine and watch her smile after 6 months, when she doubles her money, gets that necklace and have some chump change in her pocket too.