QUOTE(dafreak @ Sep 3 2011, 11:35 PM)
This just shows POOR financial planning
"Level 2 thinking" as you call it, is just too absurd/farfetched/impractical
OWN the bank? If everyone were to be able to have this thinking imagine how many Tom d*** & Harry OWNs a bank?
i dont see why you have to attack 3dassets personally. IMO those questions are valid regardless whether he went through them before or not
Firstly, take a look at the post posted before you and see who's the culprit in launching personal attack. Yes, what's wrong being said "owning" the bank. It's a saying and when it comes to saying, an educated person doesn't take a word for a word.
QUOTE(3dassets @ Sep 4 2011, 01:48 AM)
How to reach those people lah? Those fella why want to share? dreamer101 is here mah. But did he mention how much he is worth? If not rich enough then never mind, no better than I try on my own otherwise ended up talking cock when old. (like him)

There you go...again.
QUOTE(Kasey Brown @ Sep 4 2011, 04:15 AM)
>> Is it ABSURD and FAR FETCHED that a person own the bank??
◘ I think the point's easy to understand. When you buy stock in a company, you're buying a "part" of that company. Though you dont rule over the entire company like it belongs only to you.
As far as starting a bank of your own, that's theoretically possible, but free market competition generally keeps competitors out. Basically, if you want to start a bank and succeed, you have to do BETTER than the banks that are already there. The companies that do best survive because those are the places customers give their money to. Shorter waiting lines, less fine print, and better service mean I'm likely to come back to you rather than someone else.
It's not far fetched. Certainly not impossible. But you'd have to know what you're doing, and have a serious passion for it. Just like with anything else.
I do agree that it is fairly easily understood when it comes to when
dreamer101 said something about "owning" the bank. It's just that their mind is like playing a 2D game. They ruled out teh possibility of gaming in 3D. Perhaps narrow in perception of the word "owning" in a saying?
QUOTE(dafreak @ Sep 4 2011, 10:37 AM)
Defination of OWN:
MerriamWebster: belonging to oneself or itself —usually used following a possessive case or possessive adjective
Investorwords.com: Having legal right to a property.
so how does buying a small amount company's shares/stock make you OWN it?
You are taking it as it is. Think out of the box. When you are heading toward a dead-end, what would you do? Going forward or go astern and find another route? Your pick.
QUOTE(dreamer101 @ Sep 4 2011, 07:15 PM)
dafreak,
You are getting VERY CLOSE to my ignored list. And, you are BLIND!!!
What bank stock did I used as an example??
WHY people must spoon feed you everything??
Dreamer
I'm not sure if he misses out where you did write the bank out. People are expected to be spoon-fed these days and it is really pain in the neck!
Regards, Joey