After 8 years that I left the stock market, I reckon it’s time that I return to grow my money nest.
8 years ago, I got burned in the stock market. No one else to blame but myself. I lost money because I didn’t know what I was doing. I was simply putting money into the market hoping that the price will rise. I was no different than those housewives who are throwing money away.
I knew from that day I stepped out of the market, successful investing requires energy.
All along I knew I will step into the market again. But the time is indefinitely. Only till last week, I made a decision - to make my return. I thought it’s time to grow my portfolio, to understand wealth from another perspective.
I start reading on investment books, studying how the world best investors like Warren Buffet and George Soros make their money.
Now I know the type of investment that is suitable for my character. I am preparing myself to invest again. I am not ready yet, but it will be very very soon.
May 28, 2008 at 6:57 pm
Yes, that’s common misconception many of us do tend to have — stock market is easy money. In general, I think, there is no such thing as easy success; if it’s easy then it’s not success and if it’s success then it’s not easy
June 4, 2008 at 1:10 pm
I think the psychology of investing is most interesting - why people invest the way they do. It’s taken me 33 years to realize this but I agree with ptc above, there’s no such thing as easy success - the best things in life take time to develop.
June 5, 2008 at 1:42 am
PTC is absolutely right. There is no easy money. I just finish with the book by Peter Lynch, One Up In Wall Street. I kind of have a small grasp of what all those numbers in a financial report means.
Now I am reading The Intelligent Investor by Benjamn Graham. I am also studying on companies now to get the feel of it.
Once I find a good one, I will make my move.