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?

Beginning Investing Tip: Use Play Money

When you first begin trying to learn the stock market, don't use real money--use "Play Money."

Like anything else, you need to practice before you stop being rotten. You definitely have no chance of being the best if you never practice, even if you're a natural.

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!)