BEST INVESTMENT LESSON:―
Have you ever seen your broker offering any investment idea that is for 2-3 years holding period?
They can’t offer because their broking business will dry up if you buy today and hold them for 2-3 years. On the contrary, wealth can only be created over the long run.
A broker’s job is to help you buy and sell shares and they make money only when you keep doing so on a regular basis. However, if you buy and hold shares for let’s say, 10 years, the broker will not benefit from such investments.
So, they keep baiting you into Buying today & selling tomorrow trades (BTST Trades) because that’s where they earn their brokerage from.
Under the disguise of helping you with investment advice, they are interested in earning regular brokerage fees. Also, it’s a well-established fact that long-term holding is good only for the investor, not the broker. So, while choosing a stockbroker make sure they are not giving you unsolicited unnecessary free advice all the time.
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Want to become a self-reliant investor?
Start Your Journey Here:―
- Best Books on Stock Market and Investing
- Don’t Buy These Stocks ― One Up On Wall Street by Peter Lynch
- Powerful Lessons on Bear Market From Ace Investors
- 12 Timeless Tenets of Investing from The Warren Buffett Way
- How To Make Money In Stocks ― The CANSLIM Method Explained
- Peter Lynch’s 2 Minute Drill ― Powerful Investment Lesson
The Best Books:
Recommended Reading Lists
1. Best Books To Help You Develop the HABIT of READING
2. Best Books That Teach the Art of Living a HAPPIER LIFE
3. Best Books To Help You Find HOPE During Your Darkest of Times
4. Best Books on Learning the Art of Songwriting
5. Must-Read Books on Punjab’s History and Culture
6. Best Books on Stock Market and Investing
That’s all we have for today. Thanks a lot for tuning in to HappinessDhaba. Do let us know your views on these in the comment section. And, don’t forget to add more to the list.
Happy Investing!
Signing off with my favorite words.
Zindagi Zindabad!
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An Engineer-Turned-Psychologist who loves Literature.
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