I was so inexperienced in my early twenties that I might only stand by when a complete service stock broker took $85,000 from my eighty year old grandma. I saw the nationwide stock brokerage protect the interests of the full service broker and my grandma lost whatever.
The pain of this was so extreme that it drove me to complete my Ph.D. in financing-- less than a hundred of us graduate in this degree around the world annually since it is so mathematically hard. My frustration and anger at the huge abundant forces behind Wall Street drove me to become a modern master of money. This is what you have to do-- awaken!!! Wake up to the truth that you can make it as a stock financier. Wake up to the reality that you control your fate and that you can stop handing all of the control over to the Wall Street machine that could absolutely care less about your financial future. This is the initial step-- take full responsibility for you incomes, cost savings and investment.
I learned years back from a good friend of mine, Dr. Van Tharp, Ph.D., that if I didn't take full duty for my investing that I would never advance-- I would simply break the fragile feedback loop that permits all of us to gain from our errors. Any time you blame anybody for a monetary mistake you ruin the chance to discover and grow from the scenario. The easy choice you must make is to deeply, completely, strongly, and finally, state to your self, "I am the master of my universe-- I remain in control-- Wall Street has no power over my mind" is the key vital modification you must make in your thinking.
Stop listening to individuals-- are these nosy little bug a bugs in your life that so quickly nay state your financial investment dreams paying your costs or giving you cash to move ahead-- no so blow them off! In terms of investing become an island unto yourself and very carefully cultivate relationships with individuals who really do understand what they are doing in investing. I started seeking out people who truly comprehend the markets.
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