March 30, 2020 Finance makes the world a new place

Do Not Be Afraid To Call Yourself A Speculator

Do Not Be Afraid To Call Yourself A Speculator

When you invest in something you are speculating a future move or price change that will enable you to make some money out of it. I believe that every time you are investing you are speculating as well, even though speculating sounds a lot worse than “investing”. This definition can be found on multiple books and all around the web.

Some people might disagree with it, but if you read Max Gunther’s famous “The Zurich Axioms”, then you understand why there is no difference between an investor and a speculator. Some people believe that when they are investing, they are doing for the long term, that they are doing a good thing by putting some money on other people’s hand that they believe they will be able to put it to a better use.

Speculation is often seen as a short term type of investment. Whether it is a swing trade or a day trade system, it does not matter, it is speculation and at the same time an investment. I don’t believe that the meaning of these two words could be only defined by how long a trade or investment lasts. This is way too simple and would not convey with what really goes on in the stock market.

Do not be afraid to call yourself a speculator.

The sooner you realize that there is no difference between the two, the sooner you will get rid of the burden of not feeling good when you have made a quick profit on the markets. There are loads of different strategies that you can follow in any particular occasion: they can be long-term, short-term, seasonal, etc. But all of them are speculations and investments. Regardless of what you may call them, just make sure you profit from them and let the others wonder whether you are speculating or investing.…

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Discover How YOU Can Become a Successful Investor – Even On Your Current Salary

Discover How YOU Can Become a Successful Investor - Even On Your Current Salary

Now you are making money from your salaried job or Business. What do you do with the money? Do you spend it all? Or are you looking for how you can make the money work for you to earn you more money? If you are what I think you are or would want to be – a savvy entrepreneur – I want to believe you will want to put your money to work in order for you to earn more money. You want to truly be above money problems. This is where this piece comes in handy for you.

What kind of Investor are you?

For those who already have the money to put to work, I would broadly categorize them into the following:

1. Cynics/Pessimists

These are those who come up with all kinds of reasons why investing does not work. This group of people end up never getting down to investing. They may know all there is to know about investments but always convince themselves that the time is either not right or that other parameters are not in place to invest yet. I have a friend who, even though he has a degree in Economics, belongs to this group.

2. The Gamblers

These ones see investing as a chance thing. They would rather go for an investment where they are promised a bigger than normal returns than look before they leap.

3. The Smart Investors

These are informed about the rules and principles for investing and they follow them clearly. They take calculated risks where necessary. They understand their risk nature and stay within it. They seek as much information as possible to aid their prudent decision making. They are focused and cautious. They understand the markets well and know when opportunities arrive.

Characteristics of Successful Investors

They have a high level of determination to succeed. They are not pessimists or cynics.

They develop a deliberate strategy for success. Where a system they develop work well, they keep on refining it and applying it consistently.

They do not let market downturns or economic downward spiral deter them.

They look past previous failures or wrong decisions and look forward to positive futures.

They have good control over their spending. They refuse to spend all they earn but are wiling to reinvest their earnings.

They are goal oriented.

Traits you need to possess to be a Successful Investor

A desire and commitment for investing.

Ability to plan your investment goals.

Ability to seek out information (facts & figures) and analyze them for profitable decision taking.

Ability to take calculated risks.

Possessing a long-term perspective rather than seek to make gain only on the short run. You must do away with “get-rich-quick” thinking.

Ability to take a systematic approach to investing.

Being skeptical about fads.

Making investing a habit.

Patient for the long-haul and not panicked or disturbed about unfavorable news.

Not putting all eggs in one basket but have a broad mix quality investments.

Knowing that downturns in the …

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