Investment Advice #2: Only Invest with Passion

When you have money sitting idly, it can become sort of frustrating.

Anyone who is looking to invest knows that money that is not invested is doing nothing to help you.

Of course, money that is not invested is not hurting you, either (not accounting for inflation).

Actually, it KILLS me when I have money sitting on the sideline. In fact, it kills me so much that more than once I've invested that "extra" money into something--just to keep it from sitting.

This seems to make sense--at first. I mean, how much money can you make if your money is doing NOTHING. That's right! NOTHING.

So is there ever a time that I should NOT invest?

Stock Market: When Shoud You Care?

Should you care what the stock market is doing?

It depends!

If you're a trader, probably. I'm not a trader--usually.

If you're an investor, you should be more concerned with your company and industry and the price that YOU paid to own part of it, but you should NOT be too overly concerned.

Why not?

Stock Investors: Are you panicking? Should you be?

Oh, no! The stock prices keep falling!

Oh my gosh! What do we do now?

A lot of people start panicking. These people are the same people that only saw good things coming when the market was going upward. Now that the market is sliding, many of these same people can only see doom.

These people are REACTING--NOT PLANNING.

Are they wrong? They might be right, but I suggest taking a couple of steps. (Panicking is NOT one of them!)