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Stock trading isn't an investment. It's more like a job since it takes time each day. If you invest in stocks, do it so that you won't need to buy/sell for man
by meric 14y ago
Stock trading isn't an investment. It's more like a job since it takes time each day.
If you invest in stocks, do it so that you won't need to buy/sell for many years. (Save for exceptions during macroeconomic tail events)
- nicholas73 14y agoIf you think buy and hold doesn't require work, then I'd say that isn't investing either. It's either gambling or praying. The amount of work and experience to really understand a company, industry, and overall market is nothing compared to what it takes for a quick flip. Let's be realistic, what are your odds of doubling or tripling your money by finding the right stock? Within a reasonable time frame of course. That's the one thing I learned from stocks - there is no free lunch. The best long term hold stocks are either 1) expensive so that your return is minimal 2) unknown and take just as much work as a job 3) requires you to assume a high level of risk