Time Flies.
It's more than two years ago that I started warning others about the coming CRASH in www.baby-kingdom.com.
It's more than two weeks ago that I started watching this "Million Dollar Traders."
Have you managed to view this UK made 3-part documentary?
What have you learnt?
The young man supervising the Candidates is only 29-year-old.
He's retired as a Millionaire after working only 8 years in the Investment industry.
And guess how many times he had went out his office to have a proper lunch?
Only.....
Twice in all these 8 years!
The Oldest Candidate in the group could NOT stand the Pressure.
He made the Fatal Mistake - Buying the share he should be Selling!
Within minutes, he knew he'd made a Major Mistake, so he immediately sold the share.
Still, he'd made an Instant Loss due to the Buying/Selling Price Difference.
The Most Promising Candidate (stood out during the Training)also could NOT cope.
She was seen trying to get the phone set, then, not, then trying to get it again, then not to....... She's Panic.
She'd LOST the Confidence in Herself!
And the reason that these two Candidates were so Stressed out?
Because they were pressurised to Invest - even when the markets gone Mad!
The Supervisor kept reminding them they'd to Invest - regardless of the Dramatic rise and fall of the market.
This documentary was filmed last Sept, when the two US Mortgage Giants fell.
And then the Lehman Brothers.
The market was so volatile, the UK Blue Chips easily rose and fell by 10-20% in a day!
Not only you've learnt that Making the Right Decision in Investing is a Ticket to Early Retirement,
But also the Tremendous Pressure one has to Face when one HAS to Invest on a regular basis.
(So, why Rushing to Invest your OWN Hard Earned Money? Why Buying/Selling every hour?)
And the Most Important thing one could learn is................
Fund Managers HAVE to invest - no matter how Volatile the markets are.
Because they've to make money, at least by...........
Charging you an Excessive Fee!!
Head, you lose.
Tail, they win.
They always win.
And if they do lose......they lose YOUR money ONLY - NOT theirs!
Fate
The Only Financial Expert is the Ripping Off Expert
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