The first question you must ask yourself before undertaking any investment is whether you are an investor or a speculator?
It’s a very simple but profound difference. Investors buy businesses or assets with earnings and the expectation that over time those earnings will increase. Speculators, on the other hand, trade only price movements in hopes of selling at a higher price to other speculators in a short period of time.
To be successful in the long-run you need to be an investor. Speculators sometime win big, yet they lose often and often lose big. Investors however, have a much higher probability of success over the long run and have the most powerful concept in investing on their side, compounding. Learn more at The G Organization.