Views not News

I hear you already saying, why not writing more often. Because of credibility and all this. But I suppose, more important for many could be, why not talking about what happens every mad day on the bourse and on the international financial markets?

Well, I am deeply convinced this is not necessary. See, there is a myth I encounter very often when talking to people about stock markets and investing. They (all) think, one ought to be very “professional”, very busy, very much of insider, minute-to-minute-glazing-at-a-monitor-trader to be successful. To know, what is up out there.

That’s because the most people of course have no clue of all the financial stuff and the news coming to them every time sounds irritating, sophisticated, technical etc. They apply a natural logic – a fundamental issue of our economical and social life is the devision of labor (and knowledge, means, professions etc.), the “professionalization” if you want. Everyone has to do want he knows, and in oder to know something right in our modern world, you should invest lots of time (and money?) and spend many hours a day doing it. Else it is somehow unimaginable.

Well, I think, as right this all can be in the “real” life, concerning speculation and investing it is not true. Speculation is a lazy job. You don’t need to rush. The news comes – that’s right – every second through the ticker, and the market is in a perpetual move. But, should this bother you that much?

I do not say, one doesn’t need do be informed. Yes, critical and careful observation of the developments in many areas is necessary. But not a crazy day-to-day-doing. You’ve got time. Think about it: you have damn lot time to take the right decision. Better spend time thinking about general, important things and factors, which will influence the next big move.

Even from the top of the new economy bubble, you didn’t have to react on the minute. Some months later a good, precise decision could have made it just right.

Or now – see, there was and is a lot of time to take the right positions. The market does not move that fast as supposed in Hollywood pictures.