The gleam and bright lights of Wall Street lure in many new investors each year, only to send them home crying to their friends and family. Why do so many people fail when it comes to the stock market? The reason is very simple: Hard work! Most people are looking for a quick buck or a fast path to riches. This is not the case when it comes to investing in individual stocks. If you wish to invest in stocks, treat it like a business, NOT A HOBBY. For example: A retail outfit can't make money if it doesn't have goods to sell, the same goes for investors, without cash, you can't invest. What do I mean? All investors need rules and you need to follow these rules or money WILL be LOST. If you lose your initial investment, you are out of business (just like the retail store). I don't necessarily care what your rules are but they need to be proven and then followed to a "T".
Think about this for a moment: How much time do you spend researching and following up on your investments? Most people will spend more time researching their next car to buy, their next pair of sneakers, the best suit, the best dress, the best pasta sauce, etc. but these same people rarely spend more than 15 minutes a month researching their own stocks. I know of a person that spends hours clipping coupons (saving cents to a few dollars) but just minutes investing thousands in stocks.
This is why the majority of people FAIL at investing, because they don't know what they are doing, they don't care to know where their money is and they don't know who to hire to invest their money. If you are not interested in learning how to invest properly using your OWN system of trial and error over many years, I suggest that you invest in mutual funds or similar diversified vehicles. Over the long run (minimum 20 years), mutual funds and dollar cost averaging will give you favorable results with minimal worries. I will elaborate into methods that can be used to invest successfully in individuals stocks in following articles.
About the Author:
Chris Perruna
http://www.marketstockwatch.com
Chris is the founder and CEO of MarketStockWatch.com, an internet community that teaches you how to invest your money with solid rules. We don't stop at just showing you our daily and weekly screens, we teach you how to make you own screens through education. Through our philosophy, you will be able to create your own methods and styles to become successful.
recurring cleaning service Park Ridge ...Ever done any whitewater rafting or canoeing? Long periods of... Read More
The recent criminal fiasco in the mutual fund industry is... Read More
Right now there doesn't seem to be any "gold fever".... Read More
There are major differences between trading stocks and trading futures.... Read More
You read and hear a lot about hedge funds. Unfortunately,... Read More
In my opinion, due to the volatility of stock market... Read More
Intervention. Now don't let that big word scare you. The... Read More
The big bad bear is stirring again. So far he... Read More
A Guide to Using Stop Loss Orders Stop losses are... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
Even if you don't own any of their stock or... Read More
For years investors have been taught to look into the... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
If you have been dealing with mutual funds for any... Read More
I'll bet with almost anyone that has stocks or mutual... Read More
Profitable day traders recognize that momentum trading is among the... Read More
Starbucks earnings are up again and so is their stock... Read More
Just about now everyone is confused as to which way... Read More
One of the great "secrets" of successful people is discipline... Read More
The Law of Chaos is the theory of random unpredictable... Read More
In 1960 an engineer working for a watch company in... Read More
After finding the price of a particular stock, usually the... Read More
Stock trading can be a very profitable activity. You can... Read More
To begin, you might look at playing the stock market... Read More
expert residential cleaners Glenview ...I feel that an investment strategy in the stock market... Read More
First let's see what protectionism is. According to Mr. Webster... Read More
Look back over the years and try to remember how... Read More
How often have you come across an advertisement or e-mail... Read More
It is commonly reported that the stock market averages about... Read More
You probably know the story of Sherlock Holmes and the... Read More
After finding the price of a particular stock, usually the... Read More
We all know the expression, "My country, right or wrong",... Read More
This is the continuing story of our two imaginary traders,... Read More
Wall Street has been preaching the doctrine of Buy and... Read More
So you're started trading, you bought some positions with your... Read More
Let's hope you did not have any of the Enron... Read More
I receive emails from Morningstar. This company provides statistics and... Read More
Four blind men were asked to give a description of... Read More
For years I have been saying you must have a... Read More
You should ignore analysts on TV, the radio, the newspaper... Read More
For weeks, no, months we have been bombarded with nothing... Read More
Congress recently passed another new law that is supposed to... Read More
When most analysts, financial planners, fund specialists and investors try... Read More
Well, not really. What I mean is I don't mind... Read More
I made my very first investment in the stock market... Read More
∙ Make every investment in the stock market a long-term... Read More
I am taking the time to help others learn the... Read More
Everybody is riding the Wall Street Roller coaster. Even if... Read More
Investing in long-term financial vehicles give you the most gains... Read More
Stocks & Mutual Fund |