BUYING APPLES – PART TWO
I received some interesting feedback regarding my blog on buying apples.
So I think it’s important to explain a bit more where I was going with that.
I didn’t mean that people should watch Cramer and start buying stocks on their own. You don’t have the information that the big boys and girls have and, accordingly, you will always lose.
So I will expound on a related topic: the difference between investing and gambling. Gambling is what you do to make some money in the short term; investing is what you do to become financially secure in the long run.
If you don’t understand the difference, you should consult someone (me or someone else) who understands the difference and can guide you to making wise long term decisions but is not motivated to take any of your apples.
Here’s blog I wrote a few years back that better explains what I am talking about:
https://www.lotusfinancialsvcs.com/files/90145/The%20Fiduciary%20Standard.pdf