"The Stock market is a financial redistribution system. It takes money away from those who have no patience and gives it to those who have." - Warren Buffet
"When you are emotional, you make unwise decisions rapidly." - Warren Buffet
"When it comes to my finances, I walk before I run and run before I soar" - Dr John F. D.
A young colleague told me she got $10K and want to invest in stock and ask me for advice. I give her this advice: "Save up to $30K and come back again." I could sense that she was really disappointed.
Some people and especially the younger ones think: Yeah, I want to quickly invest in the stock market and make money and build up wealth.
But, it is more important to save enough capital and set a side a tidy sum of money for some financial stability and security before you start investing in the stock market. Stock market is a highly dangerous place and it is not a level playing field. There is no such thing as amateur and you come into the stock market immediately as pro.
See Who is in the Market?
Read? Trading could be looking easy!
Be patience, build up your capital base first and at the same time slowly read up on some investment books.
When your capital base is ready and by then you should have some good basic knowledge on investing. You can then slowly polish up your investing skills through your investing experience.
Be patience or Become patient
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