Some people are good at sales. Others are not.
Some people can trade stocks, day traders, weekly traders, etc... others cannot.
Some people can time the market properly, others cannot...
What is your skillset?
I learnt that I am not good at sales.
I also learnt that I am not good at trading.
I also learnt that I am probably not cut out to run my own business.
Even hedgefund managers don't always make money.
Bill Ackman suddenly can talk very big now cos he managed to make some big bucks with a good bet.
But he made some very bad bets with Valeant.
It's the typical, loud when make money try to keep quiet when lost money.
A perfect trader/investor would be able to buy at the bottom, sell at peaks and trade all the slight ups and down throughout the whole market cycle.
BUT that's not possible.
No one knows where the top is, the bottom is, and the middle peaks are.
So you gotta know where your skillset lies.
Long term? Short term? Trader? Buy only? Short positions? Safe investments?
Gotta match your skillsets with your risk tolerance.
Still need to be able to sleep soundly at night.
If you're good at picking stocks, that's great.
If you're good at saving, that's great too.
If you can't pick stocks well, there's no issue buying an index.
Maybe you're good at reading the cycle? So just buy the index or specific industry index following the cycle.
Do one thing, do it well.
Everything also can make money. But better to learn and train in what you're good at, than to try multiple ways and fail all over.
I know people who always want to start business, up markets want to long, down markets want to short, trade the dips, etc...
Hey, just cos someone else found success in doing something else, doesn't mean you will be able to do it. Maybe can, maybe cannot.
Know yourself well, and capitalize on it.
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