Stairway to Investing Heaven
speculating, more generally known as active investing. This better way to invest is simply passive investing with index funds. This 12-Step Recovery Program for Active Investors will walk you through the land mines and pitfalls of active investing and show you a better way to invest. When you complete this 12-Step Program, you will understand the differences between speculating versus investing, and become aware of the emotional triggers that impact short-term decisions. You will also obtain an enlightening education on science-based and rules-based investing that may forever change the way you perceive how the stock market works. You will learn the hazards of speculation and the rewards of a disciplined investment strategy. The best part is that you can change your own investment behavior, which can lead to a more profitable and enjoyable life. Emotions often override reason when it comes to investment decisions, leading to irrational and destructive behavior. The financial news media and Wall Street feed the fear, anxiety and other stressful emotions experienced by investors, resulting in less than favorable investment outcomes. This book will teach you how to hang on in the midst of market turmoil so you can earn the long-term returns of capitalism. As you climb the 12 Steps illustrated in the following painting, you will abandon the gambling behaviors of the active investors located in the bottom right corner, ascend the stairs to claim your risk-appropriate portfolio (symbolized by the woman handing out colorful balls), and continue up to the balcony where individuals who have successfully completed their 12Step Journey enjoy the tranquility of an â€œinvesting heaven.â€?
Published on Jun 1, 2015
This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...