Investing for the long term is like I am going to buy Apple stock because I believe in their products and their products are going to generate profits and those profits will accrue to me as an investor over the next 20 years.
Morgan Housel, Author of New York Times bestseller “The Psychology of Money”
[On the othe hand], trading is I am going to buy a stock because I think stock price will go up over the next week. It’s more of a speculative endeavour.
I am not saying that [day trading] is wrong but it’s a speculation that a stock price might rise versus I’am investing in a business whose profits are going to be paid out to me as dividends over the next 10 or 20 years.
