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The hardest way to make an easy living


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#1 saltlake

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Posted 04 January 2019 - 01:01 PM

The stock market , lol

#2 saltlake

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Posted 04 January 2019 - 01:14 PM

Deer in headlights today anyone? I am, this rally was supposed to happen Wednesday , lol

#3 NAV

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Posted 05 January 2019 - 08:33 AM

A lot of people get into the markets with a false notion that they can get incredibly rich by day trading their own money, using high leverage. With experience, it dawns on them that it's easier to swing trade or positional trade other people's money, with as little leverage as possible. You not only keep your blood pressure under control, but also over time grow rich.

 

So why don't folks trade other people's money ? Because they never learn to make money in the markets in the first place.


"It's not the knowing that is difficult, but the doing"

 

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#4 saltlake

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Posted 05 January 2019 - 01:59 PM

Very interesting and true points Nav. Another interesting fact is that most people who get rich off of the stock market dont know much about it. They just start at a young age contributing blindly month after month and year after year and dollar cost average there way to millions.

#5 saltlake

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Posted 05 January 2019 - 02:38 PM

Contributing to IRas and 401ks

#6 NAV

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Posted 06 January 2019 - 09:27 AM

Very interesting and true points Nav. Another interesting fact is that most people who get rich off of the stock market dont know much about it. They just start at a young age contributing blindly month after month and year after year and dollar cost average there way to millions.

 

I was talking about building wealth from trading.

 

Your points are about building wealth through investing. And yes, you are absolutely right, dollar cost averaging, tax-free compouding are great ways to build  long term wealth, as far as investing is concerned. But for that you gotta firmly beleive in the long term upward slope of capital markets in a capitalist economy. 


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV