If you have money in the stock market, you love days like today!
Last night, after the close, Netflix (NASDAQ: NFLX) reported earnings. It turns out they added 7.4 million new subscribers during the first quarter. The stock was trading up 7% immediately following that report.
If you were one of the smart people that bought and held Netflix over the last 15 or so years, more power to you! Unfortunately I’m not one of them.
Today’s action got me to thinking about something: No matter how hard you work, your money can and will always outwork you.
Humans can’t work 24 hours a day. They simply can’t. However…your money can.
The best thing about investing in stocks is that your money is constantly working hard for you.
Netflix was up 9% today. Ask yourself a question: Could you increase your income by 9% this week, month or year? Hell, Netflix made its investors 9% richer in one day!
You will never outwork your money! So you should stop trying – and just put your money to work.
If you need help getting started – please check out The Stock Market is for Everyone, my short introduction to investing for complete beginners!
Until next time, Joes!
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)