Are you investing in your business, or day-trading?
Financial services apps make it very easy to buy and sell stocks, bonds, ETFs and more. That’s great as it levels the playing field for small investors. Some people do what’s called “buy and hold,” intending to keep the investments they buy for a long time. Warren Buffet, the famous “Oracle of Omaha”, and one of the richest people in the world, is known for doing that. Other people buy and sell quickly, looking to turn a fast profit (hopefully). They’re not interested in the fundamentals of the company, its management or long-term strategy. Those are called “day-traders” because they often buy and sell the stocks in the same day. How are you treating your business, as a long-term investment, or are you day-trading?
Listen to this 8-minute episode and find out. Read More