Is Trading Dumb?
Trading is the buying and selling of stocks or other financial instruments over short periods with a view to making a profit between the opening and closing of a position. By contrast, investing is the accumulation of assets over the long term. Although investors adjust their portfolios, this is part of a longer strategy rather than creaming-off short-term profits.
Investments consistently grow over the long term, investing is rational. But trading is closer to an afternoon at the races. Read the rest of this entry »
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