Don't be a GeeGee?

Yesterday I came across a perfect example of a GG. Whenever I mention "stock market" I always get someone, usually over 50, saying "I used to have shares but I lost my money or at best broke even". This is a GG, a guesser and gambler. Casinos are rich because of gamblers, don't help them.

A lot of older people have this story. 20 years ago and back, these people had no knowledge and no available information like we have today. They just listened to what a friend or relative was saying or something they read in papers. They did no proper studying of the subject. They trusted banks!  The same banks who let everyone down in 2008. They hoped for an easy buck. Don't lose, learn first!

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The stock market is there to take as much money off as many of the people in the shortest amount of time. This is what needs to be understood. Professional traders will take money from amateurs in the market. You need to become a professional and you need to do the work to become that. Stocks and shares are actually a very high risk strategy and not the best vehicle to use in the markets. Once you learn about risk management and how to reduce risk to a minimum, you will be able to see the best strategies to use. Everything is mathematical in markets, it's simple when you know how, but complicated when you don't.

Nowadays the markets are there for everyone to access online, study and learn how to get on the winning side, the same side as the bankers, institutions and professional traders. No guessing and gambling here!

PLEASE DON'T BE ONE OF THE SHEEP