I believe in the philosophy of karma, the ying and yang of life. What you put into life is what you get out of it. I try to follow that belief in every aspect of my life. Especially when dealing with the stock market. People think that you just put money in an investment and it will take care of it’s self and grow.
I have to say that that can’t be further from the truth. If you want your investments to grow, you need to put a lot more into it besides money. I’ve spoken before about doing your due diligence. That is the biggest part of what you’ll need to put into the stock market, investment property or any other type of investment plan. With the stock market you need to study the company’ financial statements and read the earnings report . as for the investment properties you need to do inspections, look at the current owner’s income/expense report. if it’s a business you’re looking to purchase, you pretty much need to do the same things.
I do quite a bit each day toward improving my portfolio as well as this blog. Between the two of them I spend about 6 to 8 hours each day on research and learning more about what it is that I’m trying to accomplish. It does help that fact that I love what I do.
The stock market also lives by the rules of karma. Last week the market dropped a couple of 100 points & this week it returned its losses with a little more. If you were to pull up the chart of the Dow Industrial average for the last two years, you would see that in that time frame that the DJIA went from 11,011.41 on July 19, 2008 up to 14,164.53 and back down to close at 11,446.66 today. In my opinion a lot of that can be contributed to the fact of the bad karma that was going around in the markets (ie: mortgage/credit crisis). There was a lot of shady things going on then and they’re seeing the results from it. No matter what you refer to it as, karma is intertwined within it. The markets are no different. Do what you must in life, but remember that things have a way of coming back to you.