Last Updated on 26, April 2014
"The difference between speculation and investment is that the former is concerned with large returns over the short term period while the latter is concerned with gaining reasonable returns over a long period of time. Unfortunately, most people are neither good at speculating or investing.
As a professional investment adviser, I advocate investment as the method of gaining good returns. (I don’t think there is a speculation adviser.) I list three reasons why people are not doing well with their investments. "
This article appeared in the January 2007 issue of SmartInvestor. The full article can be downloaded HERE
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