Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts

Thursday, July 31, 2008

Making Money in the Stock Market

One of the avenues to be travelled on the road to riches is the stock market.

Money can do all kinds of things for you once you have it - it can purchases goods, services, or make you more money.
We all know how to spend money in both smart and not-so-smart ways, but we don't all know how to use money effectively to reproduce itself for our use.
If we use money to purchase things, wouldn't it be great if we could get more of it whenever we wanted?

But alas, money does not grow on trees, so we can't just want more money. We have to work at it.

Notice I said work at it, not for it. There is a big difference. We work for money when we are paid an hourly wage. As I've stated before, this is a limiting activity. There are only 24 hours in a day, so we quickly max out the total amount of money we can make if we rely on an hourly wage.

A way to work with money, is by leveraging it in investments.

One great investment is the stock market. If done wisely, then you can easily make a very high return. You can also quickly lose all the money you invested. The difference is in how you manage your money and how/when/where/what stocks you invest in.

I've read quite a few books on the subject, but the most sound and effective ways is by acting like a shark, stalking your prey, attacking viciously, and leaving before anyone can notice you were there.

RevShark has some great advice on this methodology, and I subscribe to his site and regularly post messages on the board there.

I suggest checking out his site and book and tell him Twogunn sent you. With his help I've taken control of my 401K and made it into a healthy stream of income rather than just a pretty stagnant savings account.

Good investing!