I’d be willing to bet that a large percentage of those crossed the line.
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Scott Barclay is a respected financial writer, sought after speaker, workshop facilitator and investment coach who frequently contributes to BusinessWeek, Yahoo Finance, Self Growth and many other publications and blogs both online and in print.
A study not too long ago showed that the majority of those buying individual stocks lose money. Its human nature to want instant gratification and a few negative months in a row will test any investors confidence and resolve. That is exactly when many investors cross the line over to gambling by buying and selling often or trading or purchasing penny stocks or buying into a hot trend – none of which classifies as investing.
There is a fine line between gambling and investing which many people cross sometimes with the help of their financial guy.
This problem is exacerbated by financial professionals who by chance make money when their clients are active rather than non-active.. www.howtheinvestmentbusinessreallyworks.com
But as an investor, odds are in your favor as long as you are buying quality, not trading, etc.
Bottom line is that the odds are set against you as a gambler. That’s why casinos have no clocks, pump in oxygen, its all to keep you gambling because eventually, the odds which are stacked against you will take over.
Barclay’s current book ”How The Investment Business Really Works” is in the hands of over 100,000 readers.
Very few authors in the area of money and personal finance actually worked in the industry as a stockbroker.
Problem is that most people who say they are long term investors really aren’t. I can look at a statement and tell you immediately if you have crossed over the line from investor to gambler