How to feel richer as you age
Posted: Fri May 09, 2014 4:43 pm
I have always been a prudent investor myself.
Recently many of my friends and colleagues asked me whether to do this investment or that investment; how will the economy be doing and how well the stocks are... how about the currency you trade? etc etc..
My advice here for all is to NEVER get into something you have zero knowledge in. Even if you want to or feel like to, make sure you do proper homework before jumping into any pools. (Some are speculator traps, others are like outdated news or trap bubbles...)
Also, there are hundreds of online advertisements which will lure you into believing you can be just like them (Trading courses, forex trading lessons, sure-win index traders... etc), and the question comes down to this - are you able to be like them?(So-called 100% win-traders)
In trading prospective, it comprises of knowledge, market news, a little luck? and great input of individual's perspective.
So how do you 'TEACH' perspective and 'methods' as claimed. To me it is impossible to do so in less than just a handful number of lessons or a limited period of sharing mentorships from the 'schools'.
In my opinion paying for lesson for some lousy teacher who gives classes for a few times won't get you far. (Mind you these classes costs up to thousands of dollars.)
It is through personal homework that do your best investment directions.
Take it this way, if I am really earning that much through trading, why the heck do I want to share? More people sharing profit in the market will equate to lower share of income. Furthermore I have always suspect why these speakers only shows the amount they win from the trades and not the ones they lost? (I admit that I attended some, however it always probe me into thinking if they can earn that amount, why can't they lose that amount). Somehow my curiousity always save me from such scams and eventual waste of resources; time and money.
Lastly, don't be a follower, speculator, tail-chaser or whatever you know what I'm trying to express, start doing homeworks to invest in the right channels and make sure you save up just enough for the coming storm. (For bad times, prepare for good times. Vice versa)
Saving up is the best way to feel richer as you age =)
Recently many of my friends and colleagues asked me whether to do this investment or that investment; how will the economy be doing and how well the stocks are... how about the currency you trade? etc etc..
My advice here for all is to NEVER get into something you have zero knowledge in. Even if you want to or feel like to, make sure you do proper homework before jumping into any pools. (Some are speculator traps, others are like outdated news or trap bubbles...)
Also, there are hundreds of online advertisements which will lure you into believing you can be just like them (Trading courses, forex trading lessons, sure-win index traders... etc), and the question comes down to this - are you able to be like them?(So-called 100% win-traders)
In trading prospective, it comprises of knowledge, market news, a little luck? and great input of individual's perspective.
So how do you 'TEACH' perspective and 'methods' as claimed. To me it is impossible to do so in less than just a handful number of lessons or a limited period of sharing mentorships from the 'schools'.
In my opinion paying for lesson for some lousy teacher who gives classes for a few times won't get you far. (Mind you these classes costs up to thousands of dollars.)
It is through personal homework that do your best investment directions.
Take it this way, if I am really earning that much through trading, why the heck do I want to share? More people sharing profit in the market will equate to lower share of income. Furthermore I have always suspect why these speakers only shows the amount they win from the trades and not the ones they lost? (I admit that I attended some, however it always probe me into thinking if they can earn that amount, why can't they lose that amount). Somehow my curiousity always save me from such scams and eventual waste of resources; time and money.
Lastly, don't be a follower, speculator, tail-chaser or whatever you know what I'm trying to express, start doing homeworks to invest in the right channels and make sure you save up just enough for the coming storm. (For bad times, prepare for good times. Vice versa)
Saving up is the best way to feel richer as you age =)