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Investing as a sport? - investing


I said last week that money doesn't in general buy happiness, but the lack of it can buy complete misery. This, by the way, is not just my own observation. It is the closing stages of some of the most respected happiness researchers (Yes, there is such a thing -- read my book. )

The bother is that we have to pay awareness to money more when we lack it than when we have it. This doesn't seem fair, but the Lord works in cagey ways. Most associates are invested in the stock market, any at once or all through mutual funds, hostel plans or some other vehicle. So it is hard not to be part of the Panic Crowd. But I ,in all my monetary wisdom, have two blond rules to offer. These may not make you rich, but they will keep you happy.

Number One: Place your money in the safest vehicles likely (Do as I say, not as I do!) and not recall about them. When the next collapse ends, take account and see that you still have investments. Most of us don't get a rush out of inspection our nest egg dive or yo-yo up and down. Most colonize are happier when they not remember they even have investments.

Number Two: If you are one of those colonize with a depot case of Itchy Trading Finger, then you almost certainly would not be happy ignoring your investments. Place aside what you need for the long term, such as retirement if your heart lasts that long. Don't play with this money. Don't touch it. Trade only with "extra" money. The rest of you are asking, "What's that?", but Itchy Trading Fingers know what I'm conversation about. They view stock trading as a sport.

In fact, stock trading is a sport. Much more than, say, hunting. Think about it. In a sport, two equal opponents adjust off alongside one another. "Let the best one one win. " Each faces the same challenges. Each is armed with the same weapons. Each has an equal accidental of air the delight of victory and the agony of defeat (unless, of course, you crop up to be the Tampa Bay Devil Rays).

Imagine the play-by-play if hunting truly was a sport: "Man is final in. He's advent up from after and rounding to the south side. He's raising his rifle. Deer doesn't even arrive on the scene to notice. Oh, I can't watch. This is going to be a massacre. Wait! Deer has just bucked up and twisted. He spins about a tree, and -- look! Deer has a rifle too. He aims. He shoots! He Kills!!! Man is down. What an upset, ladies and gentlemen. "

In real life, Deer doesn't win very often. In fact, I assessment that Man is about 4. 3 gazillion times more apt to be defeated by his own team mate than by the opposition. We call this "friendly fire".

Contrast this to Itchy Trading Finger, who stands an equal ability of conspicuous gold or of affecting into a cardboard box on the road corner. The stock marketplace truly is sport, for those who decide on to treat it that way. Which is why it is so central to put aside -- in safe, confident hoard -- the money you feel you need for your future. That way, when Itchy Trading Fingers retire, they can move out of the cardboard box.

For the rest of us, we are happier in receipt of our sport scrutiny monster trucks crush WWF actors. Oops! There I go again, amalgamation my sports and my metaphors, not to allusion ignoring more than a few national security standards. May your hoard be safer than my WWF friends, and may you sleep well at night.

About The Author

David Leonhardt is The Happy Guy. He is an brisk motivational loudspeaker and dramatist of Climb Your Flight of steps to Heaven: the 9 routine of greatest happiness. Visit him at

http://www. TheHappyGuy. com

dleonhardt@attglobal. net


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