I was so inexperienced in my early twenties that I could only stand by when a complete service stock broker took $85,000 from my eighty year old granny. I watched the nationwide stock brokerage safeguard the interests of the complete service broker and my granny lost whatever.
The pain of this was so extreme that it drove me to finish my Ph.D. in financing-- less than a hundred of us graduate in this degree worldwide yearly since it is so mathematically hard. My frustration and anger at the big rich forces behind Wall Street drove me to become a contemporary master of cash. This is what you have to do-- get up!!! Get up to the reality that you can make it as a stock financier. Get up to the truth that you control your fate and that you can stop handing all of the control over to the Wall Street device that could absolutely care less about your financial future. This is the primary step-- take complete responsibility for you profits, cost savings and financial investment.
I discovered years earlier from a good friend of mine, Dr. Van Tharp, Ph.D., that if I didn't take full responsibility for my investing that I would never advance-- I would merely break the vulnerable feedback loop that permits all of us to find out from our errors. Any time you blame anyone for a financial mistake you destroy the opportunity to learn and flourish from the scenario. The basic decision you need to make is to deeply, totally, firmly, and lastly, say to your self, "I am the master of my universe-- I remain in control-- Wall Street has no power over my mind" is the crucial important change you should make in your thinking.
Stop listening to people-- are these nosy little bug a bugs in your life that so quickly nay say your investment dreams paying your costs or giving you cash to move ahead-- no important link so blow them off! In terms of investing end up being an island unto yourself and very carefully cultivate relationships with people who actually do understand what they are doing in investing. I started seeking out people who actually understand the markets.
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