Tuesday, October 14, 2014

Financial Thought of the Day October 14, 2014: Trading Stocks Over the Short Term is Like Gambling

Investing legend Peter Lynch once said, "Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide."

Buying stocks for short-term gain is akin to gambling.

1 comment:

Unknown said...

I think I needed to hear this one because I'm a bit down over the current state of my two year old portfolio. When I think about it over the long-term investment I feel a lot more confident that I'm going to see the kind of results I know my selected companies can provide. Thank you!