What are some effective ways to build your investment knowledge, and create a confident attitude towards money management?
Notes from the intelligent investor suggest a few things. First and foremost, understanding that a stock is an ownership interest in a business is a great point. Simply put, there is a company that you would like to own, buying its stock gives you that opportunity. Let’s continue down the road of simplicity and state this: If the company makes a profit you as a shareholder also makes a profit.
Going a little deeper, we get exposed to the different kinds of investors out there. The speculator vs. investor. Understanding the difference is important to your success. So what is the difference?