My most recent self-educational fixation (not for the first time) has been to improve my understanding of stock markets and financial investing with stocks. I’ve found it to be far more interesting than expected, with respect to how the market itself works, and regarding the tendencies of mind I encounter when considering investments. I’m curious about other people’s experiences of these matters:
I work in the investment and retirement business but I don’t have the time or interest to trade individual stocks. I prefer well-diversified investment funds.
Thanks Michelle. So you like to take advantage of financial investments, but at the same time keep your mind and energy for other things?
Right!
I have no wish to deal with the stock market myself, but have opened up an Acorns account where a small amount is automatically taken from my bank account and added to my portfolio.
Thanks Tamara. It sounds like your approach manages to avoid any stocks-related mental patterns.
In 1984 some friends and colleagues and I started a stock club partnership. The concept is simple. We pooled our money and then bought shares. Over the years we have bought and sold shares in individual companies as well as ETFs and occasionally futures. It is and has been fun with much BS and some successes and some failures…. you should try it. Just don’t use the rent money to get started.
Thanks, Adjunct Wizard. So it’s been a fun social thing for you?
I find the stock market very intriguing and dangerous. I know people who lost a huge amount of money (at least for me it was a lot amount of money). So, I prefer asking my financial advisor what it’s worth buying or selling.
I was talking to someone the other week, who told me she made a huge amount of money through stocks investing, then lost it through stocks investing. Definitely somewhat risky.
Yes, you have to be very careful unless you are super expert and can afford to loose money, which I am not 😕
It takes a lot of time and effort to make money on the stock market. More than most people are willing to invest.
Thanks, kristrader.