We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Can Anyone Be A Successful Investor?
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
The Tycoon Herald > Money > Can Anyone Be A Successful Investor?
Money

Can Anyone Be A Successful Investor?

Tycoon Herald
By Tycoon Herald 4 Min Read
Share
SHARE

Sometimes individuals who speculate in stock are like gamblers in a casino. They tend to overinflate their wins and minimize their losses. The pain of loss may be acute, but they quickly forget all about it because they’re sure the next big win is around the corner. They believe their optimism is justified.  After all, every stock they speculate in has a great story. And once they buy into the story, they just have to buy the stock.

Adding to the “everyone can be a successful investor” message the online trading platforms can make it too easy for young, inexperienced investors to speculate on stocks and even worse, open an options account. When all it takes is clicking a few computer keys, you can be a lot more impulsive than if you had to save money, send in a check, and talk to a broker (who might talk you out of the trade). I’m seeing this behavior more and more, not among clients, but among their children. I warn our firm’s new trainees not to act like traders. If they ever visit a big Wall Street firm, they’ll realize they don’t have the information the professionals do, and it’s unlikely they are to see anything the professionals haven’t seen. It doesn’t mean they can’t be successful traders, but it’s doubtful they’ll make a successful trade based on “new” information.

There’s a big difference in the way speculators and long-term investors approach investing. Emotions rule when individuals trade for short-term profits and expect to hit the ball out of the park. Contrast that with a long-term investor who’s methodical, has done careful research, and may expect to own a stock for 5 to 10 years.

You’d be hard-pressed to find a speculator who is buying JP Morgan, P&G, or other century-old companies. Newer investments like cryptocurrency and start-up companies are glamorous, as is trading in gold. Speculators sometimes fall prey to tax schemes when they believe they can make a profit as well as save on taxes. They feel like they’re getting away with something. It’s a great feeling until the scheme backfires and they wind up in big financial trouble.

As a general rule, speculators tend to buy more shares of a stock they already own as its trending down in price. The same is true for a stock they’ve lost money on. Why? They believe there’s a higher probability they’ll win the next time. Don’t get me wrong, sometimes averaging down or buying back a stock makes sense. It’s the mentality that should be questioned.

Occasionally, I’ll meet with older individuals who are willing to take significantly more market risk because they’re behind in their savings. They are conservative long-term investors who suddenly want to speculate and are optimistic about making a big profit. If they ask for my opinion, I share my philosophy: the way to keep most of your money is not to make mistakes. And you’re more likely to make mistakes when you chase a big return. I find my clients are better off settling for a long-term, no drama strategy instead of experiencing high returns some years and losses in others.  

MORE FOR YOU

One last thought, when everyone is talking about a hot new investment, I tend to walk the other way. I am optimistic that for most investors slow and steady will win the race.

Check out my website or some of my other work here. 

You Might Also Like

How To Make A Funds: 12 Simple Methods To Do It (The Full Information) – Dollarsanity

10 Outdated-Normal Cleansing Suggestions from Grandma – Dollarsanity

Wedding ceremony On A Funds: Get $30K-Like Wedding ceremony For $5K or Much less – Dollarsanity

80 Issues I Stopped Shopping for to Save Money Quick and Pay Off Debt – Dollarsanity

50 Small Business Concepts For Ladies – Dollarsanity

TAGGED:MoneyThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
England 6-1 Wales: Ella Toone points warning to Sweden as England e book quarter-final spot
Sports

England 6-1 Wales: Ella Toone points warning to Sweden as England e book quarter-final spot

Ella Toone issued a warning to England's quarter-final opponents Sweden following an emphatic 6-1 win over Wales on Sunday, the place the midfielder was on the scoresheet for a second…

By Tycoon Herald 7 Min Read
Donald Trump Attends FIFA Membership World Cup on 1-Yr Anniversary of Assassination Try
July 14, 2025
Jannik Sinner wins Wimbledon, Italy’s first singles champion
July 13, 2025
Netherlands Girls 2-5 France Girls: Delphine Cascarino leads cost as France end prime of Group D at Euro 2025
July 13, 2025
Justin Baldoni Says Blake Full of life is Attempting to Use ‘Celeb Standing’ to Dictate Deposition Locale
July 13, 2025

You Might Also Like

80 Timeless Frugal Residing Suggestions That Nonetheless Work At present – Dollarsanity
Money

80 Timeless Frugal Residing Suggestions That Nonetheless Work At present – Dollarsanity

By Tycoon Herald 18 Min Read
Easy methods to make Money on Pinterest With out a Weblog – Dollarsanity
Money

Easy methods to make Money on Pinterest With out a Weblog – Dollarsanity

By Tycoon Herald 35 Min Read
21 Web sites The place Wealthy Individuals Giveaway Free Money – Dollarsanity
Money

21 Web sites The place Wealthy Individuals Giveaway Free Money – Dollarsanity

By Tycoon Herald 12 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
BusinessEntertainment

In ‘Marry Me’ Jennifer Lopez Returns To Romantic Comedies, The Genre That Made Her A Star

ToplineJennifer Lopez is returning to romantic comedies — the movie genre that defined her acting career…

By Tycoon Herald
Food

Home made Poutine Recipe | Genuine Canadian Poutine – TwoSleevers

PUBLISHED March 4, 2025· MODIFIED March 4, 2025 · by the creator listed within the recipe…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?