No Easy Money | Ramblings of an e-trader

Wednesday, 2 December 2009

No Easy Money

Jason, a long time friend, told me that since losing his job, he has been speculating shares and betting on race horses. You know, this guy has a terrible gambling habit since he was young even though he held a really high post in a multi-national company, until he lost it recently.

Even with his high pay cheque, he was still always short of money and when he lost his job suddenly, he was in a difficult time because he did not have savings. Yes, no savings DESPITE his high pay! And now, he is not even bothering to look for a job but speculate in shares and bet in horses, two extremely high risk investments.

I helped him to monitor his stocks on KLSE and NASDAQ for a few days over these past couple of weeks just to see how the markets trend but after so much trouble, I found that he did not gain anything. That's because he hasn't sold his holdings. Still, even if he did, he would only have gained US$20. That's for all the energy spent monitoring the market at ungodly hours!

If Jason thought that he could find easy money then I think that he's so wrong. I wonder why he doesn't realize that even after going through some really difficult time!

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