Some people are great investors

United States
January 19, 2012 8:38pm CST
I felt that I am way behind other people in comparison in investment, and seeing the future. I might spent a lot of money on something childish, or foolish, rather than put them in good use of it. While others, who is much younger than me, they already owned 2 houses or more, and rent it out. With the market price is lowest in recent real estate market, some people know how to grab the opportunity, and own their own properties. While for me, I still living under my parents' roof, and honestly, I own nothing at all. Should I self - examine my ability, and my ambition? What do you think?
4 responses
@cotruelove (1016)
• Denver, Colorado
20 Jan 12
I would never advise anyone to just go out and invest in something. There are just too many truly bad investments right now and at one time those same investment opportunities were good. The economy has changed and the opportunities have changed. If you know nothing about how to invest, what good investments are, whether you have the money to invest in the proper things, you are setting yourself up for disaster. Many other questions need to be answered. I'd be looking for some way to educate myself about making investments so at least I'd know if I'm involved in a scam or a truly good investment. Before I start anything, I'd get an education in regards to how to do it so I could make some kind of sound judgment for myself even with advise from investment counselors. You cannot possibly exam yourself when you do not know enough about investing to evaluate it for yourself. Just my opinion and experience. Thanks for the discussion!
@mehek18 (57)
20 Jan 12
I agree with others,you can begin saving and then invest it somewhere profitable.You might increase your knowledge about the current trends in investing.It might be better if you ask people who are already reaping good profits from their investments.Many financial institutions,govt agencies will help you.I might suggest that it would be better to invest in mutual funds.A professional might give you better advice.Profit and loss are both part of every business venture.Only after analyzing the risks and possible returns ,you should invest your money anywhere.Trying to save taxes ,using good methods might help you save some money.Or begin to find a job,that interests you.
• India
20 Jan 12
I agree with you that there are people who think and plan well for their future. But you need to keep in mind about their financial situation and other things as well when you compare your savings with theirs. There are a lot of other things also that help a person in investing for example they might not have any mortgages or education loans to pay while you might have some financial commitments already made. They might also have many sources of income or they just invest and don't enjoy the life. There are many reasons to it. All I am saying is never compare your savings or your financial situation with some one else, it just worsens the situation and makes you feel bad. Just save whatever you can and enjoy your life. Never compromise on your lifestyle for investments.
@tatzkie23 (770)
• Philippines
20 Jan 12
I think you've already answer you own question. Try to self-examine your ability and ambition again. If you think that is better for you then try it. It's not yet too late my friend. I'm still also dependent on my parents, but i'm trying hard to reach my ambitions in life.