Yesterday, I made fun of people trying to build their first wealth through trading and rightly so. The markets are generally an instrument to “Maintain” wealth rather than than grow it from Scratch.
An example I’ve told people privately is this: if I invest $50k in an asset and you invest $100, then the asset goes up 10%, I’ve just made $5000 which is a lot of money but you’ve only made $10 which is nothing. This is what I understood in 2018. It made all the difference.
You’ll be much more better off growing your income than trying to get rich off the markets.
PS: A great sign a Bull market is about to end is when less financially savvy people are speculating on that asset e.g your cab driver, your aged mum, your illiterate relative. During the past few months, I’ve seen even the most random people trading. A crash is inevitable. No asset goes up forever