Be careful about those folks because some of them have been very lucky. Just because they have been lucky few times, they think they can teach others how to invest.Remember those Facebook pages, Twitter accounts or ads that show you the proof of their past gains or exploits in the financial markets. They will convince you that they are experts because they have done it, and have the proof to show you. I have done it so you too can.
Personally, I will be careful when someone is showing me all those stuff so perfect and nice.
No one have ever conquered the financial markets, not even the lucky medium term gamblers. A person can make a decent amount of money in the financial markets just by chance.
Probably, he or she bought few stocks in 2009 and by 2016, he could not understand, explain or believe how come he or she made so much profit. But wait.
That is not a valid reason to say that it is easy to buy and hold. It is neither what makes one a smart investor. Indeed, a gambler can learn to invest, but until that time one should be humble.
I remembered when I began to dabble in the stock markets, I was lucky like many who buy and hold medium term investors. Though luck does play a role in the life of an investor, that is not all.
So why am having a go at the gamblers?
I like gamblers that recognise that it was just luck that has helped their investment.
However, I am a bit irritated when a medium term investor and gambler begin to show all the proof of his past exploits.
Please cool it and hang around a bit longer to taste the sweet and sour of investing. I do care about the gamblers because I will always warn them about the risk of losing houses, savings, equities and children money.
As they say, past performance is no guarantee of future results in the financial markets.
Alright, what more can I add? I believe I can add more to this subject of medium term investing, but that will be for another time. It will not be too long before I come back with another heart beating investing article. Please stay tuned.