Investing can really be seen as an art form. Whether you’re
investing in precious metals or you’re trying to play the mutual funds game, or
even if you want to buy and sell stocks – investing really has an art to it.
You have to see and learn and know things the other guys don’t. You have to be
able to predict trends. And sometimes you even just have to get lucky.
There’s no point in trying to invest if you can’t really
dedicate some time into researching your targets. You have to actually bunker
down and learn about the investments you’re planning on making. You have to know
their history, who the major players are, what they’re trying to do, why they’re
trying to do it, how likely they are to succeed, economic conditions and so
much more. There’s a lot to know.
That’s why investing and day trading part time (with another
full time job) is such a hard thing to do. You really want to eventually make
this investing your full time job. You don’t want to just do it here and there
like a hobby if you want to make any real money from it. And by real money, I’m
talking six-plus figures. And that’s not even where the big boys play. The big
boys play with stakes in the seven/eight-plus figure range.
That’s where the real fun happens. But you still have to
know your stuff and be very careful. At that level, the slightest misstep could
mean that you’re done for. And it’s really hard to recover from such devastating
blows to your portfolio. But then again, even if you’re buying and selling
stocks, bonds, metals and currency at a low level, a slight miscalculation or
foolish move led by emotion can be devastating to your entire life and
livelihood.
Learn more about precious metals here.
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