Betting on a Stock
If you have the slightest idea about what stocks are, then you know this domain implies taking risks. Just as in any other area, some stocks are riskier and some are more certain.
If you want to invest in stocks, that’s fine. But don’t put all your eggs in one basket. Many retirees invested the majority of their savings in one stock that seems ‘a sure deal.’
And almost every one of them regretted their decision.
Long-term investments that require constant analyzation seem boring compared to quick, risky gains.
Think about going to Vegas and betting all your retirement savings on red or black. Is that a comforting thought?
For some people, it may be – and that’s not a bad thing either. You can create a small budget meant for stock investment and update it as time goes by.
