Stocks Don’t Discriminate!

Originally published on January 14, 2018.

Since I published The Stock Market is For Everyone, I have heard from several people that they were curious about investing for a long time, but were discouraged from doing so – sometimes even by financial professionals!

Why?  In some cases, they were told that they did not have or make enough money.  Another common response was, “You don’t have enough knowledge of the market.”

So these eager prospective investors would remain curious, but on the sidelines because they didn’t know where to turn to get the information they needed.  They took people’s word that the stock market wasn’t for them.  All the while, their money was not growing.  How sad.

If the stock market is not for these individuals, then who is it for?  Is it for the receptionist earning $35,000 that invested in Abbott Labs, turning $200 into $7,000,000?  What about this story I heard?  A guy took every penny from his divorce in the mid-eighties, invested the entire amount into Apple, and became a multimillionaire?

Let me tell you something, my friend: the market does not discriminate.  It doesn’t care where your money comes from or the dollar amount you invest.  You can go from being rich to poor, or from very little to abundance.  The market doesn’t care.

That’s why I love it, and why you should too.  The market is one of the few things in life that doesn’t discriminate.

Until next time!

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

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.)

 

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Get In and Stay In Already!

Yesterday, the market rallied on the strength of a jobs report that exceeded expectations.

The Labor Department said that the US economy added 317,000 new jobs in the month of December; the expectation was for 176,000 jobs.

In addition, Federal Reserve Chairman Jerome Powell said that the Fed will exercise patience in raising interest rates.

This combination of good news sent the Dow up 3.29%, the S&P 500 up 3.43%, and the Nasdaq up 4.26%.

Now, I don’t know if this rally will continue but I do know that trying to time the stock market by jumping in and out will not work…this is just another great example of why!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

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.)