| People love to huddle together in share clubs, | | | | sound method is the first step. |
| forums, associations and seek popular opinion. | | | | Develop your own profitable track record without |
| There's nothing wrong with this but make sure | | | | the crutch of share clubs and forums and the like. |
| that you're in a position to make your own | | | | Become totally confident in yourself by virtue of |
| judgements about any investment. | | | | your own results. |
| So you think there is safety in numbers? You | | | | The next qualm I have is with people thinking |
| think by joining a share club or a forum or | | | | advisors and experts know more than they do. |
| association you can get the answer to successful | | | | Sure they're industry 'professionals' but this |
| investing? Sure, you can pick up a few useful tips | | | | doesn't mean that they know how to make |
| and tricks and information and education. But | | | | money. People think that share market investing |
| what else are you looking for? | | | | is specialised and complicated, that financial |
| It is perfectly natural for us as human beings to | | | | advisers and experts have done a lot of study |
| want to socialise. But consensus in a group is not | | | | and know a lot more than you. |
| a successful strategy for profitable investing. For | | | | You think they know how to make money on |
| every trade that is made on the any stock | | | | the share market |
| exchange (many billions every single day) there | | | | Well maybe, in fact that is definitely what they |
| has to be a buyer and a seller. Two people that | | | | want you to think so they can still keep receiving |
| have opposing views. | | | | their commissions and fees from you |
| Consensus won't cut it. In the share market there | | | | But it is not true. Sure, you need to learn how to |
| is always someone who has a different view, | | | | make money on the share market. And you need |
| someone has to think that the share is cheap | | | | to gain sufficient experience to do so successfully, |
| when you want to sell it otherwise there is no | | | | but it is no where near as complicated and difficult |
| trade. | | | | a skill to pick up as plumbing or plastering or |
| So provide yourself with the education and | | | | accounting or gardening or cooking. And certainly |
| practical experience to become 100% self | | | | much, much easier and miles less complicated |
| sufficient with your investment decisions. Having a | | | | than medicine or dentistry or rocket science. |