Emulating the Stock Market with Credit Cards
There are several avenues of investigation that you may find profitable before you become involved in online stock market investing. You can find a lot of information available to the would-be investor; you could purchase a book, subscribe to a newsletter, or enroll in seminars where you could get good advice. But before you spend one more cent on any of these, try to do research on your own. Both the library and the Internet have material that you will find useful.
Keep in mind this one thing: set down boundaries before you even begin to invest. Unlike what is implied in a lot of online stock market investing advertisements, investing is not a wonderful and perpetual source of money. But this much I can tell you; in general, stocks perform a lot better than other investments after a period of time. But, at the end, though, all investments have their own risks, and will have no guarantee of making a profit.
So before you seek stock market advice, make sure that you take the time to investigate your own financial situation. Track how your money is currently being spent, apply measures to eliminate credit card debt, and get yourself into a positive money output. If you cannot do this, then I advice you to refrain from investing in the market for the time being.
A credit card is a good way to measure one's discipline. If you have a credit card and are in debt, chances are you won't be able to handle the pressures of owning shares. Not that I'm discouraging you, mind: If you can discipline yourself to get rid of this financial weak spot, then you may be able to take on the stress of stock market life.
Think of it this way; owning stock is basically having a small part in the ownership of that company. Would you trust your boss if he had a substantial credit card debt? I didn't think so. Similarly, you should buy and manage stocks only if you are comfortable at the company's direction. Besides, not having a credit card debt means there's one less thing to worry about. - 23221
Keep in mind this one thing: set down boundaries before you even begin to invest. Unlike what is implied in a lot of online stock market investing advertisements, investing is not a wonderful and perpetual source of money. But this much I can tell you; in general, stocks perform a lot better than other investments after a period of time. But, at the end, though, all investments have their own risks, and will have no guarantee of making a profit.
So before you seek stock market advice, make sure that you take the time to investigate your own financial situation. Track how your money is currently being spent, apply measures to eliminate credit card debt, and get yourself into a positive money output. If you cannot do this, then I advice you to refrain from investing in the market for the time being.
A credit card is a good way to measure one's discipline. If you have a credit card and are in debt, chances are you won't be able to handle the pressures of owning shares. Not that I'm discouraging you, mind: If you can discipline yourself to get rid of this financial weak spot, then you may be able to take on the stress of stock market life.
Think of it this way; owning stock is basically having a small part in the ownership of that company. Would you trust your boss if he had a substantial credit card debt? I didn't think so. Similarly, you should buy and manage stocks only if you are comfortable at the company's direction. Besides, not having a credit card debt means there's one less thing to worry about. - 23221
About the Author:
The trading business carries no guarantee that you'll profit, and don't let anyone tell you otherwise. Rick Amorey instead suggests the comprehensive program of Emini Trading. Build up your portfolio with the help of Emini Trading System, and secure your future at a consistent pace.
posted by X - Men @ 11:56 AM
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