Originally Posted by
40plus
Iraq was in trouble with Saddam in charge and the dinar was worth about .30 in 2003.
Then we go in, get him out, help establish a government and all the multi-faceted aspects of restoring Iraq into what will become a booming society. If you research, you will find that a tremendous amount of development has already taken place and Iraq is beginning to be restored.
Remember when Chrysler was going belly up? Many investors dumped the stock and others grabbed it. Once Chrysler got help from outside sources, reorganized their debt..what happened? Did the stock go back up?
There is a MASSIVE amount of interest in the development of Iraq. At worst case, don't you think the dinar might possibly come back to say, half it's value in 2003? Or, how about if it goes to five cents..how much would you make? Bottom line, even though things could go very wrong, very quickly; I still believe the risk is getting minimized daily.
I have been dirt-poor a few times in my life and have had MANY opportunities to 'hit it big' with a variety of investments, but always hesitated. Just before I heard about the dinar I vowed to myself that the next time I get a tip that has some merit, after due diligence, if I can see the value of the risk/reward ratio..I will jump on it. Da Da, here comes the dinar and I could not convince myself that it would not go at least return to a nickle.
People seem fond of saying "invest only as much as you can afford to loose" and this is very sound advice. I've invested as much as I could afford, without loosing any other aspects of my life. Over the years, every time I re-evaluated the investment, I felt convinced the dinar would rebound..so, I stretched a little more, scraped up a few more bucks and bought again, and again, and again and again. Looking back, I think I went a bit crazy because if it goes to a penny..I am a millionare. It is crunch time. Nothing left to do now, but relax and let the medicine do it's thing.
If it flops, oh well, nothing ventured, nothing gained.
CONCLUSION: Relax folks. Pounding on each other only prevents you from being ready to enjoy your profits, or being able to deal with the loss and go on to the next thing with a rational mind. :cool: