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Old 10-08-2009, 07:41 PM   #10 (permalink)
BitterFlower
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Join Date: Sep 2009
Location: Georgia, USA
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^^IA

Plus truly being successful in investing requires being more active in your investing role than just socking money away in index funds.

My minor was in Finance and we had an investments class where you track stocks each week. My accounting/finance background helped me smartly pick stocks and derivatives (we weren't allowed to use index funds), but even trying to maintain a weekly spreadsheet was tiresome to me. I did "okay", but didn't see wild returns and even got a few losses because I didn't act quickly enough. There was a reason why daytraders were killing themselves or other people during the late 90s.

To quote Suze Orman (whose advice I like at times):"I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care."

HTH
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