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When I think of the word amateur investor, I think of a young someone who saves more than they earn, starts to put money in the market to work, and sits on thei
by thenerdhead 4y ago
When I think of the word amateur investor, I think of a young someone who saves more than they earn, starts to put money in the market to work, and sits on their ass while learning more about it.
I do not think of part-time gamblers or day traders.
- chii 4y agoAn amateur is someone who is doing it (whatever "it" is) without being paid by someone a fee to do it. An amateur investor is someone who is investing their own money. A professional investor is an investor who is being paid by somebody else (a fee of some kind) to do the investing on their behalf. Amateur/professional doesn't refer to the method they invest using. They could be using gold-fish to tell them what to buy, or they could be using sophisticated computer and math models to buy/sell.
- deleted 4y ago[deleted]
- thenerdhead 4y agoI don’t think we share the same definitions. Thanks for the comment though.