Ain’t No Oracle Of Blogistan says; Learn to live on eighty per cent of your income, give ten percent to God and ten percent to yourself. When you have a tidy sum, invest half of the money in something you know something about, or give it to someone you trust to know something about playing the market. Then go fishing.
Different people play the market differently, and from what I can tell about the current situation all the experts agree that they themselves are correct about how things will unfold, the underlying causes of whatever swing the markets are taking at any particular moment, and the timing of those swings.
Best as I can tell the traders are just as specialized now as any other discipline, which means they have a better over all view of the markets than plumbers and electricians, and can tell you the serial numbers on on various issues of stock certificates that they specialize in. These people are all playing against one another in what, for most of us, looks like the big casino, excepting that card counting is allowed.
The small investor is basically gambling on their own judgment to pick someone who is going to go into the big casino for them while they are out fishing, and if you can’t do the calculus yourself you have to rely on the historical performance of those you do rely on. Banks do that when they loan you the money for a car too.
Some have said that there are two kinds of people, investors and consumers, which is probably accurate in the context that they frame the remark in, which is you give authority to a business to spend your money making a profit off of consumers of that business’ product. Investing in land, in my mind, is to endow that land with a value it has not yet obtained to currently.
To some extent then, I think it is a matter of how fast you want your money to be giving a return. But if you just sit on your ass and watch the markets currently making the buzz on the tubes, see the title.
I’m not suggesting you do anything, just telling you how I see things. If you gamble big you can break even, win big or loose big. It’s not like a bar fight, because the bartender always has a bat.