Updated: Jan 2
Some people like to buy investment properties whilst others like to buy shares or some crypto in the hope of making a profit why not right?
The question is do you actually know what is driving the prices of these assets? They could be worth half of what you paid tomorrow or even worse. How do you know that will not happen?
When you place a bet on a horse or a footy team you are gambling or speculating on an outcome which in most cases will result in a loss or win and the results will come out the same day, week, or month depending on when you placed the bet but with the aforementioned, they are likely more of a longer-term gamble and if you happened to be buying near the top right before a massive crash how would you know? Chances are you have no idea. So is it really investing when you don’t have the slightest clue of what is around the corner?
Don’t you think it would be wise to find a way to gauge what the market is doing?
A little bit of due diligence can go a long way to saving your hard-earned money and if that alone was achieved you would be way ahead of most people. Markets are driven by fear and greed which is what makes these wonderful patterns occur so precisely and it is a fact that most people buy high and sell low. So who is cashing out at the top and buying at the bottom? Someone is and chances are it probably isn’t you but at least you are helping to provide the liquidity for them to do so.
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