People really get this wrong.
The stock market isn’t here to bring you fabulous riches and wealth. That’s what your job/business/trust fund is for. The stock market is simply there to help you preserve your wealth. That’s it. I’m sick and tired of people trying to pull all of these crazy get rich quick schemes with the stock market. How about spending your time actually doing something? With all that time you spend obsessing over real time stock stats, you could be start a side business that will prove far more rewarding and profitable in the future.
Sure, there have been some speculators that have made money. My opinion? They got lucky. That’s all. No, they didn’t have some killer genius system to help them beat the market. They made money the same way the guys down at your local horse track did: by getting lucky. Sure, luck is cool and all, but its not a way to build real wealth.
Warren Buffet got rich in the market. Sure, but he also practically ran the businesses he purchased. Buffet is a genius, and you’re not. Also, that is what he does for a living, and I highly doubt that you do. Let that dream of being a billionaire investor die. Really.
Instead, let the market be there to help you keep your hard earned money and grow it. Socking it away in a savings account will only let your money be eroded away by the forces of inflation. Good, sensible investors know to keep their money in safe investments that insure that their wealth will be around when they need it later on. Nothing more, nothing less. Rant over.