Emulating the Stock Market with Credit Cards
You may find several avenues of investigation profitable before you go into online stock market investing. There is a lot of information available online to a potential investor; one can buy a book on the topic, subscribe to newsletters, or even sign up for seminars wherein you can get good advice. Before you spend one cent on any of these options, though, you should try to go out and do research on your own. Both libraries and the Internet have material you will find useful.
One thing that you should remember to do is to set aside boundaries before beginning to invest. Unlike what some online stock market investing advertisements that you may have seen implied, investing is not a wonderful and perpetual source of money. I'll tell you this, though; stocks generally do perform better than other investments after a long period of time. In the end, however, all investments have no guarantee of making profit.
So before you seek stock market advice, make sure that you take the time to investigate your own financial situation. Track how your money is currently being spent, apply measures to eliminate credit card debt, and get yourself into a positive money output. If you cannot do this, then I advice you to refrain from investing in the market for the time being.
A credit card is a good way to measure one's discipline. If you have a credit card and are in debt, chances are you won't be able to handle the pressures of owning shares. Not that I'm discouraging you, mind: If you can discipline yourself to get rid of this financial weak spot, then you may be able to take on the stress of stock market life.
It's like this; owning stock is essentially being part owner in the company you have invested in. Would you entrust your boss with financial matters if you found out he was heavy in credit card debt? I don't think so. The same thing applies; you should buy and manage stock only at companies you are confident in. In any case, not having credit card debt means you have less to worry about. - 23210
One thing that you should remember to do is to set aside boundaries before beginning to invest. Unlike what some online stock market investing advertisements that you may have seen implied, investing is not a wonderful and perpetual source of money. I'll tell you this, though; stocks generally do perform better than other investments after a long period of time. In the end, however, all investments have no guarantee of making profit.
So before you seek stock market advice, make sure that you take the time to investigate your own financial situation. Track how your money is currently being spent, apply measures to eliminate credit card debt, and get yourself into a positive money output. If you cannot do this, then I advice you to refrain from investing in the market for the time being.
A credit card is a good way to measure one's discipline. If you have a credit card and are in debt, chances are you won't be able to handle the pressures of owning shares. Not that I'm discouraging you, mind: If you can discipline yourself to get rid of this financial weak spot, then you may be able to take on the stress of stock market life.
It's like this; owning stock is essentially being part owner in the company you have invested in. Would you entrust your boss with financial matters if you found out he was heavy in credit card debt? I don't think so. The same thing applies; you should buy and manage stock only at companies you are confident in. In any case, not having credit card debt means you have less to worry about. - 23210
About the Author:
Rick Amorey believes that shortcuts to success are a joke, and instead suggests the comprehensive program of Emini Trading. Build up your portfolio with the help of Emini Trading System, and watch your money grow like a carefully monitored seedling.
posted by X - Men @ 5:34 AM
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