Quote:
Originally Posted by SSLance
I think this is the major stumbling block for me. So many times over the years, I've done something a certain "right way" and been bit because of an outside element affecting a share price...and it has tainted my perspective.
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Your stumbling block is that you're trying to make sense of a MARKET over which you have ZERO control.
Once you understand that investing in BEST OF BREED companies --- and the dividends they pay - and that you can get - over time - the dividends and the growth…. and that market fluctuations are just that - fluctuations… you'll become a better investor. HOWEVER -- you can NOT use trader mentality and be an investor. A trader is constantly seeking confirmation for their belief in whether or not the market is going "their way" (because they're betting - they're not INVESTING).