Throughout the years, I have worked hard to convince my parents to lend me some money for me to invest in the stock market. The sum is nothing substantial; it's just something I do to help me feel like I am not wasting the golden opportunity to enter the stock market early and that I get self-satisfaction of investing.
My approach is nothing scientific. I have identified few companies I find strong and secure, and just let the time judge my decisions. I rarely touch them (for the fear of transaction fees) and I just watch how they bobble up and down like a fisher unwilling to catch anything but who just enjoys watching the bobber. I could even argue I do it for the sake of having something else to help me feel alive in the crudest sense.
Luckily, I have entered the market when it was quite low, and I have seen some increase in the value of my investment. However, I just wanted to "wait longer" and see where they end up being rather than cashing in and out frequently after each fluctuations. It turns out that those decisions are not bad ones according to investment gurus (they urge you to stay calm), but they have not been good either.
Just yesterday, they decreased enough in value that I am now standing at the even line from which I invested. From here, I could make some money or lose some more. I will probably just wait and see where it goes from here on without making any more transactions. Nevertheless, the feeling of monetary loss is troubling me a bit. Perhaps through this kind of troublesome feelings, I may learn to pay more attention to my finance and start doing soem analyses.
My approach is nothing scientific. I have identified few companies I find strong and secure, and just let the time judge my decisions. I rarely touch them (for the fear of transaction fees) and I just watch how they bobble up and down like a fisher unwilling to catch anything but who just enjoys watching the bobber. I could even argue I do it for the sake of having something else to help me feel alive in the crudest sense.
Luckily, I have entered the market when it was quite low, and I have seen some increase in the value of my investment. However, I just wanted to "wait longer" and see where they end up being rather than cashing in and out frequently after each fluctuations. It turns out that those decisions are not bad ones according to investment gurus (they urge you to stay calm), but they have not been good either.
Just yesterday, they decreased enough in value that I am now standing at the even line from which I invested. From here, I could make some money or lose some more. I will probably just wait and see where it goes from here on without making any more transactions. Nevertheless, the feeling of monetary loss is troubling me a bit. Perhaps through this kind of troublesome feelings, I may learn to pay more attention to my finance and start doing soem analyses.