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Yes, Rich People are investors :).
Its like a knife, in a surgen.s hand it can give life but in a moron.s hand it can take away the same.Just for the sake of investment dont invest instead go with trading with a cyclical approach.Invest some where you think that this particular business is the one i would start but i dont have enough money or time to manage the business.trading is brain and gut feeling play on the other hand investment is brain n heart decision making process just like when you say yes to someone who is proposing you, keep in mind that an idle mind and idle chunk of money will rot in time. Good Luck
A BIG YES..THANK YOU FOR ALL THE INVITATIONS
IT IS POSSIBLE TO GET RICH DEPENDING ON YOUR EXPERTISE IN KNOWING THE TYPE OF FINANCE INVESTMENT TO EMBARK ON. YOU MUST KNOW THE THE VIABILITY AND PROFITABILITY OF ANY FINANCE INVESTMENT. YOU MUST KNOW THE RATE OF DIVIDEND/INTEREST EXPECTED FROM THE INVESTMENT.
Temptation to trade makes us worse investors.
Virtually no one is able to beat the market. Big Portfolio Managers claim to have beaten the market but in the medium to long term, the returns are the same as the market returns. Not everyone is Warren Buffet and his investing method worked for him only, not everyone. Plus, the risk in investing is greater. Risk has to be considered. That being said, Cullen Roche's explanation of the stock market is given below:
Investing is spending for future production. When most of us buy assets on a secondary market such as a stock exchange, we’re not actually investing at all. We are allocating our savings into assets that have already been issued to finance real investment.
Therefore, the secondary markets are just a place where we allocate our savings, hopefully in a way that gives us access to various income streams so we can diversify our personal assets and protect ourselves from the risk of purchasing power loss and the risk of permanent loss.
Therefore, calling the act of buying a stock on a secondary market investing is a bit misleading
But most of the world doesn’t see it this way. We have been overrun by a short-term perspective of the markets where traders think they can “get rich quick” by buying the next hot stock or beating the market. These are false pursuits, based largely on misunderstandings of the financial system.The stock market isn't a place where you get rich or make your real investments.
And if you agree with my views then the allocation of saving necessarily becomes a longer-term pursuit. Not too long of course — the idea of stocks for the long-run or the concept of the long-term as touted by many financial pundits can be just as dangerous as short-termism and lead to a false sense of security in owning high-risk assets. So the truth, as is usually the case, lies somewhere in the middle.
But a funny thing is occurring as technology expands and we become better informed about our surrounding financial world. Technology appears to be feeding on this get rich quick mentality and it seems to be hurting many investors — or leading them into a new form of high-fee automation that adds little value.
In the last20 years the average holding period of a stock has fallen dramatically, from over three months to just over one month:
This is down tremendously from1940, when the average holding period was seven years! As technology makes the secondary markets more readily accessible, the short-termism of investors is increasing.
But is all of this actually good? After all, the fact that the little guy has access at all to the secondary markets is a fabulous advancement. But I do wonder how positive many of these technological advancements are. Let’s be honest, virtually no one should be trading their account every day or engaging in the type of market timing that companies
So as technology eats the financial world, are we actually better off or is it just feeding on the same old myths and misconceptions that help financial firms line their pockets — just in newer and more innovative ways?
Yes it is possible to get rich depending with the returns on investments
