Any private investor needs better training in investing

Posted on: 11/14/2017 00:00

(By Chris Sharp) It is a little early now to start listing our resolutions for the coming new year.  But it is now about the right time to be thinking about our more serious new year’s resolution, so that by this coming January they may get into their 2018 resolutions with a running start.

And if you are like most people, I feel like I can easily guess that one of your most serious resolutions has to do with keeping some money through the long year.

But if you are like most of us, you want to keep your money in a way that is not totally stupid.  That is, you probably don’t want to keep it in any bank savings account where all the bank costs and fees that accrue with every movement of your money will wipe out the tiny annual interest you make and actually finally eat its way into a loss of your original deposit.

It may even be better to put some of your money under your mattress.  At least the original deposit will stay put there, however, if you do this, do not tell anyone that you are very smart just because you have your money under your bed, because the inflation whatever it is will also depreciate the value of all this money.

So, if you are like most of us, you would actually like to work your money to make more money, as smart people do.

To do this, you enter a competition again a lot of smart people including a lot of people who are much more intelligent and knowledgeable about the market movement than you.  Don’t be offended by this.  But your entering today’s money markets as a private investor gives you about the same chance of success as a new criminal entering the today’s crime scene and competing against a modern police data base that will trace and then predict and pre-empt every step you try to make.

This is because so many private investors start out thinking they will beat the system with their own wonderful insights when in fact the system has a vast data base that has beaten the private investor even before the competition begins.

Read more here: A Sharp View: Any private investor needs better training in investing


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