Stocks: path to success or waste of time?
Stocks, are they the path to success or are they a waste of time?
This isn’t an easy-to-answer question.
This is because we have a lot of factors.
- Age
- Money
- Destination
Let’s first start with…
Age
Age, it’s a factor we should look at when investing in stocks.
Also, does age change the way we invest?
In my opinion, we do:
- 57-year-old Albert with a dividends account.
- 18-year-old Drake who day trades all his money away.
- 37-year-old Josh who only invests in penny stocks.
Albert made it through all stock crashes in the past decades.
Drake saw some TikTok guru tell him to join his Discord.
Then you have Josh, Josh likes to quote:
To the moon!! 🚀🚀
Even tho he is 57% in red this year.
Also, a big factor is money!
Albert almost has a million dollars invested in his account! He has worked a high-class job at Google for over 20 years. He invested that hard-earned money into his dividend portfolio, which makes him roughly $40.000/year.
Drake doesn’t technically have anything invested. He sits in front of a screen and patiently waits till his chart tells him to put in his money.
Okay, guys! I just put $100 in GameStop!
Drake finds out that after sitting nervously in front of his screen, he made $2,47! Drake is happy and continues his school day.
Then again, we have Josh. Josh is new to trading, he saw some YouTube videos on penny stocks and now his mind can’t focus on anything else. Before he knows what margin, P/E ratio, or profit means, he puts $10.000 in a stock.
Then we have a destination.
The destination is important.
If Albert lived in Switzerland his money won’t mean that much. But if he lived in Vietnam he would be a multi-millionaire.
For Drake, the only problem he worries about is when the US market opens. So apart from the US, he will have a bad time.
Josh doesn’t mind where he lives. He thinks he’s about to make a bank with his investment.
My opinion on stock trading.
I think learning about stocks is a great activity to do. The problem is, you need money for it, most of the time a lot.
I plan to let my money sit for a while and later on, invest that money into myself.
This could be:
- Guides
- Coaches
- Tools
Any product or service that makes me reach my goals faster and more efficiently.
For now, goodbye people.
Peace.
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