I’ve read some really awesome stuff on 'Quora' but one thing I’ve remembered was ”Save money not just for the sake of saving, instead save them to invest them later”. What long investments are we talking about? I’ve tried forex but I’m not really into graphs. I’ve also flipped minimal inexpensive things.
Answer:
Dear Friend!
Thank you for your valuable question.
Trading in forex, commodities and stocks is not at all investing but mere dangerously speculative activity disguised as investing. Margin Trading will surely ruin not only the financial position but life itself.
I thank you once again and I hope I could give you a well rounded understanding of what long term investments are all about.
Anand
Please Note: This is almost a reproduction of the question I
had answered on the website ‘Quora’, which I thought could be useful to the
visitors to this blog site also.
Again
I chanced upon an elegant poem by young Ignatius Hosiana, whose poems on
investing I have started liking. In his graceful poem, “Investments Says..” ,
he has hit the nail on the head. It is in complete congruence to what we have
been advocating in the blog here.
The poet wants to say that in order to invest
you do not need to have the whole world with you but when you seriously invest
you could indeed have the whole world in your hands. Compare this with the
article based on Warren Buffett’s quote, “Do
you need to be millionaire to become a billionaire?”.
Please
enjoy Ignatius Hosiana’s poem and start investing!