How does this relate to life? We'll assume you're ok with this, but you can opt-out if you wish. if (!window.mc4wp) { How are you going to achieve success if you don’t know exactly how that looks to you? Always keep an eye on the stock curves. They've faced the same challenges you're facing. Life can get hard. Some days you're up. First, it requires learning about the market codes, the stocks’ performances, the phases of the growth cycles, and anything else that could help identify the future trends. But you've also had your bad days, where a lot of things seem to go wrong. However, all stocks follow the same stages in their life cycle. Looking at stock market returns year-by-year may cause you to lose sleep at night. What Really Goes into Creating a Credit Card, 3 Tips to Get a Bigger Kick out of Your Rewards Programs, Tips to Maximize Credit Card Reward Earnings. If you ask most people what they want in life and I can bet you one (or the only) answer is to be happy. “Life is like the stock market. Before I try to answer that, let's take a look at the stock market's approach. The stock market, more or less, is based on the collective underlying earnings of the companies that participate in the market. To illustrate, take a look at the returns from the S&P 500 over the past 15 years: As you can see, in some years the stock market did really well. You’ve flat-lined, you are dead. One major pitfall is EGO. (function() { So how the hell does all this relate to the theory that your life is kind of like the stock market. Just look at the market since the collapse in 2008 as example. forms : { First, it requires learning about the market codes, the stocks’ performances, the phases of the growth cycles, and anything else that… } But they do not affect the actual opinions and recommendations of the authors. After all, most people would not be in the market at all if they didn’t have the confidence that they can make profits. Take a closer look at that image though… what does it look like? You might not even realize some of the ways the stock market has affected your life, financial prospects, and the overall economy. That’s what life without ups and downs look like. Here's my version — "Life is like investing in the stock market. Your best odds at “winning” in both scenarios is to play the long game. Be curious, open-minded. This website uses cookies to improve your experience. You need to look at the average return over a period of a couple of years. We all know life has its ups and downs, and that’s perfectly normal. Remember that famous quote in "Forrest Gump"? If you have a lucky break it’s easy to start believing you are the greatest investor in the world. You'll go through your share of ups and downs. Build a strategy, be consistent and always try to improve. The stock market has a higher annual rate of return than permanent life insurance. Don't go through life alone. You need to have specific and concrete goals in both fields if you are to find any success whatsoever. }); Getting a handle on the stock market's direction is becoming increasingly difficult as volatility has ratcheted up and daily moves of 5% or more have become commonplace. But as long as you're able to persevere through them, in the long run you'll come out on top." There are plenty of articles on those and you can easily look them up, but here is my short take on the subject. Disclaimer: The links and mentions on this site may be affiliate links. Educate yourself, develop a strategy and start with small steps. } For instance, in 2009, MetroPCS opened at a price of $14.86 per share, but closed the year by dropping all the way down to $7.63. But not all companies perform at the same level. Here are the questions that help me prepare my tradings: - In which stocks should I invest my resources? A world without the stock market might look very different. When it does, sometimes we need someone to cry with us when we cry. “The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. Just like in life, a certain company stock goes up and down in price depending on demand, and guess what? The truth is that anyone can do both, but it requires one to accept responsibility for one’s life. The same applies to life. I’m not going to go into detail about goals and strategies, as that’s another deep topic all together. Start anything with your eyes first. The easiest way to ride out the bumps is to tune out the media. Believing that investing is only for the rich. Well, allow me to explain what I mean. Look at the trend line. A kind reminder that ambition is a great life driver provided that it is kept under control from time to time. Maybe in a week you are getting married to the love of your life and you are way up there, but then later that week you get fired from work for no reason and down you go again. Chase your dreams, but overall cherish your blessings. Especially If you let ego take control you might start attaching happiness to possessions or power. But in others, it performed horribly. This shows the power investing through thick and thin, and having a long-term perspective. That’s completely normal, but if you want to invest and make profit over the long term you can’t get caught up in these movements. We have four resources to invest: time, money, knowledge, and energy.
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