I’ve dabbled in the stock market for years. Whenever I would hear about an up and coming company or a hot product, I would research it a little and if it sounded good I would take a little money out of our savings account and buy it.
Most of the time I lost money because I didn’t know what I was doing.
I thought you were supposed to buy a stock and hold it until you were ready to retire. Some people call it the “buy, hold, and pray” strategy.
It worked good until the 21st century came along. Nowadays, the “buy and hold” strategy isn’t always so smart. (But don’t tell that to Warren Buffett.)
But I’m not here to write about how to make money in the stock market. There are plenty of other websites out there with that information.
I am here to tell you that sometimes the answers to our questions are right in front of us and we ignore it.
Here’s my story:
Since I dabble in the market, my name is on someone’s mailing list that says I am interested in trading stocks. Therefore, I receive newsletter offers and sample magazines in the mail. Usually those items go straight into the trashcan. Occasionally, I will peruse them.
I actually subscribed to one newsletter that interested me and I bought a few stocks based on their recommendations. One particular stock skyrocketed earlier this year. I tripled my investment in a matter of months!
It was pure luck.
But it made me curious. How did the speculators know that particular stock was going to get hot?
I started doing some research and began to learn how to read stock charts. It’s a discipline in the stock trading world called “technical analysis.” Sounds exciting, right?
Here’s my point. When I learned about technical analysis, it opened up a whole new world to me. I’m fascinated by it.
You see that magazine cover at the top? I’ve been getting sample issues of it for years. And I promptly threw it in the trash every time.
- It looked boring.
- It sounded complicated.
- I’d thought I’d rather have a colonoscopy than read that magazine.
My answer to stock trading was in this magazine every time and I ignored it. I wish I knew ten years ago what I know today about this subject.
Please hear me. I’m no expert and I’m not rich from picking hot stocks – yet . But I couldn’t help but laugh out loud when I saw the above magazine cover on a website the other night and realized that I’d been ignoring it for years.
Sometimes the answers to our questions are right in front of us. Sometimes the very thing that you could be interested in is delivered to your house by the U.S. Postal Service and you don’t even take time to notice.
It makes me wonder what other things have been placed before me that I haven’t taken advantage of.
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