atans1

Why we speculate/ How to speculate responsibly

In Financial competency on 13/01/2018 at 1:48 pm

The u/m came from an FT piece on speculating in bitcoin. But it applies equally when speculating  in penny stocks, contracts of difference, binary options, currecies, and in fact in anything.

We speculate because we have little money (relatively speaking) to invest so we’re more likely to put our money in something that has the potential to see massive returns.

one young man who graduated from a US college last year and now writes a newsletter about cryptocurrencies offers a more mundane explanation. “Young people like myself have little money to invest so they’re more likely to invest in something that has the potential to see massive returns,” says Matteo Leibowitz. “Not having a family to feed or a mortgage to pay, we can take these riskier bets.”

“Not having a family to feed or a mortgage to pay, we can take these riskier bets.” Now taz being a responsible adult. If u got a family to feed or a mortgage to pay, don’t speculate.

 

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