Lie: It Takes Too Much Time And Effort To Manage A Portfolio
A good portion of independent investors are drawn to trading and the market, in general, because they enjoy it. It’s a hobby for many.
But, a vast group of potential investors are left on the doorstep of financial freedom because they believe that it takes special skills and a whole lot of time and effort to become a “trader.” They may invest in a few stocks, but rumors that they will be forced to spend hours locked away with a copy of Value Line and research earnings reports keeps them from actively trading and investing.
With a full-time job and family commitments, time is a commodity they can’t trade.
So, they need someone else to mind their money, they decide.
The financial industry reinforces this stereotype, making it clear that only financial analysts with 120-hour work weeks can understand the market.
But is this true?
Not necessarily.
Online technology, for instance, has made it much easier for independent traders to become more active.
- You can use technology to screen stocks to select–or sell.
- You can use technology to monitor stocks and assets.
- You can use technology to trade stocks.
- You can use technology to learn about trading
And, with the advent of Automated Trading systems, you can automatically trade your account to mimic trading strategies that interest you. You can start learning more about Automated Trading systems at this blog or at the following Automated Trading system exchanges: Strategy Exchange and Collective 2.
While financial managers may be better suited for your long-term 401K and IRA accounts, you might want to consider trading your an account for wealth generation.
This is the third post in a series about lies financial wizards want investors to believe. For more information, you might want to read the first post in this series. It’s called Lie:You Can Only Make Money When The Economy Is Good.
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Related posts:
- Myth: Only Full-Time Traders Make Money
- How To Know If Automated Trading Is For You
- Research Your Options For The Automated Trading Revolution
- Creating An Account For The Automated Trading Revolution
- How You Can Optimize Your Automated Trading System Strategy
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is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
I totally agree, it takes me less than 5 hours a week to manage my portfolio. That is pretty cool, considering that I make an average of about $2,000 on a weekly basis from my portfolio (lately).
Thanks for the props, Chiko777.
It seems you’re a perfect example of what I am talking about! Congrats.