soo the other day i went to a couple investing conferences and they taught you how to become a good investor and adquire a solid monthly income. now they made it seem like investing is for everyone. but im aware that most people in america dont know a darn thing about the stock market so yea id just like to know what you guys think about becoming an stay at home investor that way you only work a couple of hours a day and you dont have to work for anyone else and if youre good at it you can earn more than you were earning at your previous job...
Investing for a living is quite tricky. You should have a nice capital to start with (you can't start from scratch) and it is very difficult not to lose yourself in emotions.
Since my 16th I've been following the stock markets, reading books, trying out specific models and criteria and after 7 years I'm still every day amazed by the way the market reacts to certain events.
You should start very caryfully with trading and don't think that all of your stockpicks will be winners once you made some profit. Beginnersluck does exist and often leads to people losing all of their money because they thought they could never lose.
If you want more advise etc. you can always contact me.
true, get yourself a mentor if possible, it speeds up your learning and you definitely need a big sum of money to play and learn.
if you have a bigger appetite for risk, try fx - returns can be very good.
That's a nice occupation, but with the economy as fragile as it is now, I stay away from the stock market. (I think we're due for another crash soon.)
I would recommend a book that i recently read. Its written by Robert Kiyosaki of famous 'Rich dad , Poor dad'. The title is 'Rich dad's Guide to investing'.
There is no fast buck formula given but the basic principles behind all types of investing. and its specially for non technical / professional investers like us.
You would certainly find it interesting.
I would appreciate if anyone can recommend any other book. Especially for small investor like me.