Would this be your method of wealth building?
Whatever you profit in stocks, take that money and add it immediately to your savings account and keep investing in stocks and repeating the process. Sound like a great method of wealth building to you?
That is great but you will not always profit from stocks.
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January 20, 2010
1:20 am
That is great but you will not always profit from stocks.
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January 20, 2010
1:29 am
No, why would you take something out of the stock market that on average that earns 10% increase since the depression and put it into something that earns 1%? Investments are LONG TERM strategies that build value exponentially over time. The stock market is cyclical. Time value of money my friend, put your money in diversified funds over the long haul and before you know it you’ll have millions.
There is no such thing as a quick win. If you’re talking about day trading then that’s about as smart to do as is gambling. Wealth builds over time this is why the baby boomers are one of the wealthiest generations ever.
References :
Finance 202 Harvard
January 20, 2010
1:34 am
No
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