A must read. Talks about why the average investor either loses or underperforms the market.
Also, it makes a case for having a financial advisor, someone whose job it is to strictly watch over your financial well-being. Comments welcomed.
http://www.thedigeratilife.com/blog/index.php/2008/01/03/why-most-investors-dont-make-money-in-the-stock-market/
This is intended for people that have a love of money. Not a love that stems from greed. One that comes from the need for financial security, of knowing that you have money set aside working to reach your short and long term goals. There are very simple rules to making money in the market. The one problem people have is staying the course and being disciplined. Just remember, anyone can be a succesful investor. All it takes is hard work, an innate sense of timing, and a dab of intelligence.
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Quotes
Here are some interesting quotes, by random people, relating to finance in some way or other:
"It is neither wealth nor splendor, but tranquility and occupation which give happiness."
"Buy land. They ain't making any more of the stuff."
"A fool and his money are soon parted."
"If money is the root of all evil, then why to churches beg for it?" haha, that's a funny one
"If you want to make money, go where the money is."
"It isn't necessary to be rich and famous to be happy. It's only necessary be rich."
"Money isn't everything, but it's right up there with oxygen."
and my favorite:
"Most investors say "Don't take risks." The rich investor takes risks."
"It is neither wealth nor splendor, but tranquility and occupation which give happiness."
"Buy land. They ain't making any more of the stuff."
"A fool and his money are soon parted."
"If money is the root of all evil, then why to churches beg for it?" haha, that's a funny one
"If you want to make money, go where the money is."
"It isn't necessary to be rich and famous to be happy. It's only necessary be rich."
"Money isn't everything, but it's right up there with oxygen."
and my favorite:
"Most investors say "Don't take risks." The rich investor takes risks."
What type of investor would you consider yourself?
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