Monday, 20 December 2010
As newbies, did you come thinking of becoming Rich in the Stock Market is easy?
Fortunately, unlike some newbies to the stock market, I came to the stock market with fears and doubts and also as a secret activity similar to keeping a mistress and not letting my wife knowing it; otherwise the hell will break loose.
Read? Harsh lessons from 1997/98 and 2007/08 stock crisis
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The problem with most stock investors is simply a lack of confidence. When buying the stock in a company your conviction that the stock of the company will increase in value over time because of the faith that one has in the prospects for the business. If I am just focused on the day to day movements of the stock price that I own than all that I am doing is hoping for a positive gain in my stock just like gambling going to a slot machine putting my money in the machine and hoping that I will have more money at the end of the day than I had at the start of the day. And hope is not and never will be a investment strategy.
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