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Thursday, January 8, 2009

Podcast: In Defense of Investing

"Accuracy of statement is one of the first elements of truth; inaccuracy is a near kin to falsehood" - Tryon Edwards

The lack of economic education in our society, at times ... is stunning. And the lack of knowledge leads to many, many, many misunderstandings, intolerance, and unprofitable thinking.

What is truly stunning, is that at times? Some of these inaccurate comments come from people who call themselves investors or traders!

I hear statements like: "Stop being an investor. There is no money in investing!"

or

"The stock market is for everyone. Whoever has money, you invest your money by trading stocks. It's not for any particular group."

or

"Those fat cat investors do not produce or provide anything for the economy"

or even this one:

"Dan is a day trader"

I challenge those ideas, and others, in the following podcast ...



The one addendum I would put on this podcast? Is don't forget that stock investors receive a partial 'share' of the company that they have invested with. And with that share, comes voting rights in the way the company is run. Just something to keep in mind.

You can download this podcast here.

Don't forget, on Friday, January 9, 2009 at 5:00 pm EST, we have the Blog TV show! That's tomorrow!

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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