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Financial advisors are worth every dollar
The stock market is a fun game
Almost everyone (or at least really almost all of you who bother reading about money) has some degree of fascination for the stock market, maybe an opinion about it, maybe some fears, and most of us already tried to buy some individual stocks through Robinhood, etc, wishing to make a giant return on our buck by buying low and selling high within the same couple of days. Those platforms totally gamified trading too, making it as fun and addictive a it gets, and want us to spend a lot of time using them and make lots of transactions.
… but should not be
When day trading we typically buy and sell stocks with a very quick turnaround time, sometimes as low as a few minutes between the purchase and the sell. The problem with this approach is that we only focus on making a quick buck and forget the big picture.
When doing so, we typically look at the value fluctuations over a very narrow period of time and totally forget about the big picture. In reality the price of a stock doesn’t matter as much unless day trading.
Let’s look at the value of Tesla’s stock over 1 day and make some investments like an average Robinhood trader!
The stock generally grew in the morning, so at 11am I’m encouraged to buy let’s say 10…
