Monday, May 29, 2006

How to Make Money in the Sharemarket Part-4

If you lose or win, it's nothing to them - they hope they will still get to keep their jobs. It is easy to understand - make them a lot of money and they might let you know what is happening to your account, but this depends on who is more important than you today. We all want advice and we all ask the opinions of others, but don't become dependent on someone solving your problems - you are alone! Now live with it! The sooner you take full responsibility the better.

The people who make excellent returns are those that see trading as a business and realize that they will always be a pupil who needs to keep learning, be self-motivated and resilient, because losing at some stage is inevitable.

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How to Make Money in the Sharemarket Part-3

Playing the sharemarket is not always money in your bank account - why? Simply because it's a game where the one who who knows the most makes the money.

An advisor can tap into situations that you would not be aware existed. You can also learn from them. Just be careful as to who gives you advice and make your own decisions.

Don't trust anyone to make money for you. No one cares about your money the way you do. Advisors in most cases are just sales people who need to get clients so that they can pay their bills. At the best of times you do not rate that highly in their priorities.

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