第14部分(第3/8 頁)

　people　who　hate　real　estate；　they　shouldn't　buy　it。

I　love　stocks　of　small　panies；　especially　startups。　The　reason　is　that　I　am　an　entrepreneur；　not　a　corporate　person。 In　my　early　years。　I　worked　in　large　organizations；　such　as　Standard　Oil　of　California；　the　U。S。　Marine　Corps；　and　Xerox　Corp。 I　enjoyed　my　time　with　those　organizations　and　have　fond　memories；　but　I　know　deep　down　I　am　not　a　pany　man。　I　like　starting　panies；　not　running　them。 So　my　slock　buys　are　usually　of　small　panies；　and　sometimes　I　even　start　the　pany　and　take　it　public。 Fortunes　are　made　in　new…stock　issues；　and　I　love　the　game。　Many　people　are　afraid　of　small…cap　panies　and　call　them　risky；　and　they　are。　But　risk　is　always　diminished　if　you　love　what　the　investment　is；　understand　it　and　know　the　game。　With　small　panies；　my　investment　strategy　is　to　be　out　of　the　stock　in　a　year。 My　real　estate　strategy；　on　the　other　hand；　is　to　start　small　and　keep　trading　the　properties　up　for　bigger　properties　and；　therefore；　delaying　paying　taxes　on　the　gain。　This　allows　the　value　to　increase　dramatically。　I　generally　hold　real　estate　less　than　seven　years。

For　years；　even　while　I　was　with　the　Marine　Corps　and　Xerox；　I　did　what　my　rich　dad　remended。 I　kept　my　daytime　job；　but　I　still　minded　my　own　business。　I　was　active　in　my　asset　column。 I　traded　real　estate　and　small　stocks。 Rich　dad　always　stressed　the　importance　of　financial　literacy。　The　better　I　was　at　understanding　the　accounting　and