tag:blogger.com,1999:blog-1602023866179666640.post2237610578783693970..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Create Wealth From Long-term Investing and Short-term TradingCreatewealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1602023866179666640.post-11075376618365109092020-11-01T12:24:30.453+08:002020-11-01T12:24:30.453+08:00Mr Market can make us feel like Genius, Fool or Av...Mr Market can make us feel like Genius, Fool or Average Joe in the market. Thinking we are Genius is most dangerous. When we finally realized we are Fools, we may quit the Game and Average Joe is likely to stay long term.CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-55234711204538370302020-11-01T12:17:26.869+08:002020-11-01T12:17:26.869+08:00Hi CW8888,
Thank you very much for taking the tim...Hi CW8888,<br /><br />Thank you very much for taking the time to write a blog post in response to my comment. <br /><br />Since you were an active contra trading genius from 2003 to, I guess, 2007 peak, that means you're a good short-term trader! <br /><br />Active trading, when done right, will reduce drawdown and sometimes, even boost returns. The disadvantage with active trading is that it takes a lot of time and may cause one to neglect his career. This makes more sense if the person's human capital lies in trading but not worth it if he is enjoying a high-paying job with strong growth prospects.<br /><br />Long-term investing is the way to go for most people. Stocks have a built-in bias to go up. Not always but over time, this is the case unless there is anti-capitalist politics. Investors in passive stock indices can enjoy stock profits without needing to put in much time, thanks to the built-in upward bias. Trading requires more time/effort. <br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.com