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Casflow too easy

Last post 05 Sep 2005, 12:10 PM by don and liz. 3 replies.
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  •  18 Aug 2005, 2:09 PM 14640

    Casflow too easy

    Am I missing something here?
     
    I'm new to this sort of thing and am looking to invest currently. My financial literacy is not high. I have played the game many times and find it ridiculously easy to get out of the rat race relatively quickly.
     
    I find the good deals are just so easy to spot. Reality is far different and certainly in the current property climate. When shares are offered at $5 each and they range from $5 to $30 who wouldn't buy a bucket full? Especially when you are certain that at some point you will sell them for a juicy profit.
     
    Yes it teaches you a bit about finance if you know next to nothing but I've got to say I'm still none the wiser about spotting good deals in the real world.
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  •  19 Aug 2005, 3:48 PM 14641 in reply to 14640

    RE: Casflow too easy

    It's not supposed to teach investment analysis techniques.

    It's supposed to change the way you think about money, and to understand the basics of what an asset is.

    Believe it or not, such a basic thing is hard to grasp for some people, having been brought up with the 'get a good job' mentality.

    I'm not being funny here. You obviously have the right outlook already.


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  •  19 Aug 2005, 6:25 PM 14642 in reply to 14640

    RE: Casflow too easy

    its often in the luck of the dice - i have played and ended up with squillions in cash, no assets, and at other times, no money, no assets.
     
    why not try playing from a totally different risk criteria next time  - do the opposite of what you would normally do, just to see what happens  - did that once, very frightening  !!!!!


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  •  05 Sep 2005, 12:10 PM 14643 in reply to 14640

    RE: Casflow too easy

    hello turn
     
    We have the game and played it often. No it's not always hard to get out of the rat race but I agree with Craig, it's more to do with helping you to understand money and how to manage and read a balance sheet, and teaches you financial control. It also lets you take risks in a safe environment and helps build confidence for dealings in the real world.
     
    also if you play it as a family it encourages discussions about money etc that you may have never had!
     
    cheers


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