One of the most used and thrown around term when it comes to investing is ‘playing stocks’.
Usually, people think that playing is the same as investing. However, there is a huge difference between the two.
As we all know, Singapore’s financial industry is very active. With this, there are a number of people exposed to
investing speculating. While there are some who are good at it, there are others who fail.
One reason for this is the misconception of ‘playing stocks’.
So before you fall into this pit, we have here in this article the necessary information you need to know about investing. Specifically on why you should not ‘play’ stocks but invest in it.
What is Playing Stocks?
To put it bluntly, playing stocks can be associated to ‘gambling’ and ‘speculation.’ These are basically what people do to make “quick-money” off the stock market.
Playing with stocks involve high degrees of risk. Like gambling, playing stocks seems more like a recreational activity. In short, playing stocks do not take investing seriously.
If you do this, there is a high risk that you’ll fail in your investments. Playing is a “chance” opportunity. You’ll either be the loser or the winner. Either way, you’ll most definitely win …read more