Don't Be a Stock Trader!
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Just a little bit of definition of terms here…
Investors buy stocks and don’t sell for six months to 20 years.
Traders buy stocks and sell them after a few hours or days…
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| Photo credit: https://pixabay.com |
Here’s another difference: Investors buy only the giants we recommend in our list below. Traders buy
anything, especially penny stocks, because they’re more volatile, and thus give them more opportunity to earn more money (theoretically).
Here are three reasons why you should never become a trader:
1. Traders Pay More Fees
Every time you sell stocks, you pay a fee.
Yes, the fees are cheap.
But still, they do add up.
And that’s subtracted from your profits.
2. Traders Need More Expertise
Some of my closest friends are fulltime traders.
The stock market is their fulltime job.
They don’t do anything else.
Guess what: A lot of them still lose money!
Despite ALL their training.
3. Traders Need More Time
How much time a day will you spend in actively trading your stocks?
One hour?
Question: Why not invest that one hour on your business?
One hour every working day is five hours a week.
If you’re a salesman, use that one hour to call up former customers just to say “Hi” and build relationships.
If you’re an entrepreneur, use that one hour to study how to market your products through the Internet.
Believe me, you’ll earn more money!
And whatever added profit you earn from your business, you can plow back to the stock market as an
investor!
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