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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!
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To: kaz who wrote (475)2/5/1999 7:10:00 PM
From: Matthew L. Jones  Read Replies (2) of 611
 
Kaz,

While we beat the dead horse, please let me point out that the market "pie" (total market value-- not just stock prices) is annually growing at a rate of 15-20% per year. In other words, it is not the same static shares being swapped around like a giant game of musical chairs, and winners only winning at the expense of losers. The truth is 80% of investors do far less than the 15-20% of market growth which fortunately provides the difference to be distributed between the best 20%. Yes, there are losers-- I've paid my share of tuition over the years-- but there is better opportunity in the market for an intelligent, disciplined, hard worker than in any field I can think of. I owned seven automotive aftermarket franchises, a parts distributorship, and a remanufacturing plant, pulled a huge sled full of ungrateful employees, risked far more money and made much less. But, it's not for everyone. It is certainly not a get rich quick scheme, it's a business. I know that I have more than once felt like quitting after a string of bad plays, but on balance I believe trading to be one of the last bastions of pure capitalism remaining in this country. I wish you the best in your future trading and hope you don't "drop out of school" after "paying the tuition".

Matt
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