I was so unskilled in my early twenties that I could only stand by when a full service stock broker stole $85,000 from my eighty year old grandmother. I saw the nationwide stock brokerage secure the interests of the full service broker and my grandmother lost whatever.
The pain of this was so extreme that it drove me to finish my Ph.D. in finance-- less than a hundred of us finish in this degree around the world yearly because it is so mathematically hard. My frustration and anger at the huge rich forces behind Wall Street drove me to become a contemporary day master of cash. This is what you need to do-- get up!!! Wake up to the truth that you can make it as a stock investor. Wake up to the reality that you manage your destiny and that you can stop handing all of the control over to the Wall Street machine that could absolutely care less about your monetary future. This is the first step-- take complete obligation for you earnings, cost savings and financial investment.
I found out years back from a pal of mine, Dr. Van Tharp, Ph.D., that if I didn't take complete obligation for my investing that I would never ever progress-- I would just break the vulnerable feedback loop that allows all of us to learn from our errors. Whenever you blame anybody for a financial error you ruin the opportunity to prosper and find out from the circumstance. The easy decision you should make is to deeply, totally, securely, and finally, state to your self, "I am the master of my universe-- I remain in control-- Wall Street has no power over my mind" is the key crucial modification you should make in your thinking.
Some individuals will believe that you are conceited but simply blow them off and laugh all the way to the bank. Stop listening to people-- are these meddlesome little bug a bugs in your life that so quickly nay state your financial investment dreams paying your expenses or providing you loan to move ahead-- no so blow them off! They simply wish to give you bad advice so that you fall into their same financial loser traps. In terms of investing become an island unto yourself and very carefully cultivate relationships with people who actually do know what they are carrying out in investing. This is exactly what I did. I began looking for people who really understand the markets. I found them with time and I asked lots of questions.
I am commonly recognized as a leading professional in the stock market and specifically at mentor you how to become your neighbor's millionaire next door. I was so unskilled in my early twenties that I could only stand by when a full service stock broker stole $85,000 from my eighty year old grandma. I saw the nationwide stock brokerage protect the webpage interests of the complete service broker and my grandma lost whatever.
This is what you have to do-- wake up!!! Wake up to the reality that you can make it as a stock investor.