Investing – in stocks, mutual funds, ETF’s, etc. – is much like anything else. Out of the many who try it, only a few end up really doing well with it. But why? Shouldn’t anybody who bought Apple or Amazon or Starbucks or MasterCard or PayPal or [insert name of ginormous, highly successful company] stock back in the day (or even the past five years) have done well with it?
The funny thing with stock investing in particular is that those who experience the greatest success are defined not by what they do, but more by one certain thing that they DO NOT do. Let me attempt to frame this in a riddle:Continue reading “Why Do Only a Few Investors Succeed?”