Online Stock Trading Tips

Almost everyone is planning to be rich someday. Yet there are only VERY few that manage to become millionaires before the age of 30 despite a LOT of people on that age bracket got high paying jobs and income. Where the problem does lies? The root cause is identifying “needs” and “wants” in life. IT HAS NOTHING TO DO WITH HOW MUCH YOU EARN. One of the biggest misconceptions of being rich is associating wealth with material things, the physical things that you want your neighbours, friends and relatives could see in your home. In fact these material things are your BIGGEST ENEMY on your way to richness.

It is true that the truly rich are buying assets while the rest are buying liabilities. “Assets” are type of things you can possess that can produce income ON THEIR OWN without further and steady manipulation. Meanwhile “liabilities” are type of things that just cost you money if you owned it. It does not produce income DIRECTLY by itself. Identifying what are assets and liabilities helps everyone decide what SHOULD BE their needs and wants in their path to richness. Since assets can produce money on their own without further exerting effort, these things should be put on your NEEDS list. Below are great examples of assets that any person with reasonable income could acquire:
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No other as more important and profitable than spotting the bottom of the stock/indices in the bear market:

Photo credits: ardea.com

Now that today the market is not good (heading for another recession as of August 2011?). Can you say we just hit the bottom? It is definitely risky to invest in an overall falling stock trend because you cannot profit at all. But once it hit the bottom, if you manage to ride as early as the bottom you are in position for maximum profit. It is because the bull market is always headed for a longer term compared to the bear market. Examine the trend of S&P 500 in the last 5 years:
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