Just For Thinking ....
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
In the stock market, every body is learning and re-learning from their own mistakes and from other publicised mistakes. Most of the time, every one is looking to sharpen up their investing skills to win. All these will definitely make our self-directed learning and re-learning in investing even more difficult and challenging. Why?
Because somebody must Lose!!!
When the winners win big in the stock market; many others must collectively lose their money to the winners. The winners will take all at the moment; but the current winners may become the next losers in the future rounds. It is never a sure win game!
When we come to the stock market thinking of making more money from stocks; there will be many more others doing the exact to us thinking of how to take away more money from us.
Read? In the stock market where does the Money come from?
Read more? Articles related to market.
Self-directed learning is not that easy. Right? It is especially true for those who don't treat investing as their second part-time job. When investing becomes a job; it will mean that you will have to put in lots of time, effort and energy to earn that right to be in the market place to make that level of money. But, actually how many of us are thinking that investing is our second job? This second job may even out last our very first job beyond the official retirement age in Singapore.
Has investing become your second job?
I believe many of us will need a second job as our first job may not be good enough for us to firmly secure our retirement financial needs after years of inflationary impact.
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1 hour ago
treating trading or investment as a job is a under statement. its a human term.
ReplyDeletemore precise is hunting or fishing, more discribing towards nature of survival. human can easily survive with or without a job.
to succeed, at least for me, is to treat trading and investing a way of life or living, much like a wolf trying to survive in the wild. they don't treat hunting as a job do they?
i have no objection of what others think.
Yes coconut it's a lifestyle. But this is only possible for people who have learned to survive in all types of market. Some even prosper.
Deletesadly with the cost of living, we have no choice but to take investing as another job. to make our money work harder
ReplyDeletei fully agree. i impress on my son unless you are a CEO, Specialist Doctor in private practice or someone with high earning power; or a business man, be prepared to "retire" without much money left over. So the the next best thing you can do is to learn to be a "passive" business man. Actually the world is always like this; only it is getting worse and worse.
Deletesomewhere I read that the initial capital to start the passive income is the hardest part of it. Thereafter, the compounding effect on top of fresh funds will make this dream of passive income easier. Either way, many younger reader have the benefit of blogs like this to help them open eyes. Had I knew about this earlier (decade ago will be nice), life will be very much different for me now - i think.
ReplyDeleteStill not too late. Right? LOL
DeleteYes better late than never is a true saying. i started investing at the age of 40. And i think CW8888 started even later than me if i am not mistaken. Now i am going to be 64+ and i think i have found one of my "true callings" for life. But i am sure there many more people starting later than me.
ReplyDeleteCheers!