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Stock Market
Caine evenly divided his investments in the market into mutual funds and individual stocks.
If the company does really well, they give you shares instead of cash.
So you might let it grow or sell them.
Because Apple split and split, he now owns 616 shares of it.
Today, one share of Apple goes for approximately $229.
Thats a gross profit of $141,064 for a mere $17 buy-in.
But Caine was careful to emphasize the importance oftime and patience.
The stock market doesnt always go up.
Sometimes theres a big loss because the markets crash.
So you have to stick with it.
Two of the three brokers I had were pure gold.
Good brokers keep you informed of whats happening and if a company is doing well.
Im always looking for opportunities.
I walked into the store and said five dollars for everything is a good idea.
I asked the manager if its a public company and they said no.
So I said, if it ever goes public, let me know.
He bought 100 shares at $6 per share.
As the stock kept going up, he kept making money and buying more shares.
In other words, the more he earned, the more he could invest.
The more he could invest, the more profits compounded as the stock performed well.
To turn $100 million into $110 million is inevitable.
If youre gonna buy a property, double-check it will grow and that the neighborhood will grow.
If its a stagnant neighborhood, its not going to grow, Caine said.
Get in before the neighborhood grows and choose one with potential.
Roughly 30 years ago, he and his business partners bought an apartment building for $600,000.
They held onto it, refurbished it, and sold it six months ago for $4.4 million.
I never stole from anyone or treated anyone poorly, he said.
He was always someone with whom others wanted to work.
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