Trading Like a Game?
Trading Like a Game?
As I mentioned last week, while money can not buy happiness, it may purchase suffering when there is not enough of it. This, incidentally, is not merely an observation of mine. This is the verdict of highly regarded experts in the field of happiness (yes, you read it right; it does exist).
Problematically, when we are short on cash, we have to focus on it more than when we have plenty. I do not understand how the Lord works, but this is not fair. The majority of people have some kind of stock market investment, be it a direct investment, a pension plan, a mutual fund, or some other vehicle. You can not help but join the Panic Crowd when this happens. However, in my extensive knowledge of personal finance, I do have two pieces of advice. You will not get rich off of these, but you will be pleased nonetheless.
Priority One: Invest in the most secure automobiles you can find (I tell you, not that you should!). Then, put them in storage. Take stock of your assets and make sure you still have them when the next recession ends. Seeing our investments go up and down or fall is not exciting for most people. When people stop thinking about their finances, they usually feel better.
Second, disregarding your investments is generally not going to sit well with you if you have a severe case of Itchy Trading Finger. Set up funds for future needs, including retirement (if your heart can endure that long). Keep this money for serious use. Avoid touching it. Always use "extra" funds when trading. Everyone else is probably wondering, "What is that?" but Itchy Trading Fingers are familiar with the term. To them, trading stocks is like playing a sport.
Indeed, trading stocks is like playing a sport. For example, a lot more than hunting. Consider it. When competing in a sport, two teams of roughly the same strength face off. "Let the best one one win." We all have to deal with the same problems. They all have the same weaponry at their disposal. Everyone has an equal shot at experiencing the joy of winning and the misery of losing (unless you are the Tampa Bay Devil Rays, of course).
"Man is closing in," would be the play-by-play if hunting were a real sport. Out of nowhere, he is making his way around to the south side. His weapon is being raised. It seems like the deer are completely oblivious. I am unable to watch it. A carnage is about to ensue. Hold on. A deer has just turned and bucked up. Watch as he whirls around a tree and — gasp! Even deer have rifles. He shoots. Yes, he fires a shot! What a Killer! The man has fallen. My goodness, what a disappointment.
The odds of Deer winning are low in the actual world. Actually, I think Man's chances of losing to an opponent are around 4.3 billion times lower than those of losing to an enemy from the other team. This is referred to as "friendly fire" by us.
The odds of Itchy Trading Finger finding riches or relocating to a cardboard box on the corner are about the same. For some, investing in the stock market is like playing a sport. That is why you should save up the amount you think you will need for your future and put it in a safe, secure investment. In this manner, Itchy Trading Fingers will be able to escape their cardboard shackle upon retirement.
Monster trucks crushing WWF performers is more fun for the rest of us when we are trying to get our sport on. My mistake! Again, I am combining metaphors and sports and disregarding multiple government safety regulations. I hope you have a good night's sleep and that your investments are more secure than my WWF pals.
Wow, that is cool!
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