How to Invest Your Money [the fun way]
A friend once told me that they only invest in companies that they actively support or purchase products from. I thought it was nothing more than a peculiar idea, but after a few years of investing, I’ll agree that there’s some merit there.
I’ve noticed that, subconsciously, I had taken their advice to a certain extent. I tend to unintentionally avoid investing in companies for certain moral reasons (i.e. British Petroleum, Lockheed Martin) and, rather, lean towards the more exciting and innovative options available (Tesla, Alibaba). Is it really a flawed approach? On the surface, it’s selective for all the wrong reasons and not money-wise in the least. That is, until you evaluate the reasons behind why you’re investing in the first place.
Note that this investment post, much like my ‘Beginners Intro Into the Stock Market’, is not intended to give you pro stock advice. It’s rather intended for the hobby investor, he or she who wants to make a few dollars on the side whilst appreciating the experience in itself. My few years of investing have been especially rewarding, not for the surprising (though modest) gains I’ve made since starting, but for the sheer experience of it. If you reshape your perspective on it, and if you’re not solely serious about only maximizing your profits, you’ll learn a lot about the world and it’s captivating industries, it’s…
