Taking steps into “The Market”

“One day I’ll do it.”

“When I’m ready.”

“You know, I’ll just wait a few years and then everything will be good to go. How about I put you on the calendar for a couple years from now?”

“I like what you’re saying, and totally want to do it, but you know what, the timing just isn’t right.”

“I’m scared.”

“I have a really busy summer. After that, I’ll give you a call. Cool with you?”

“You know, my wife has been on my “ass” lately and at this point I think that it just wouldn’t be a good idea.”

“Listen, you seem like a good guy, and everything you said is exactly what I need, but before I make decisions, I have a list of 62 people that I have to consult. It starts with my… In 7 months, after I consult each person for 2 hours each, and remember to give them a slice of my famous cherry pie, then, I’ll be ready to make a decision. So, put me down for then. I don’t know what date that is either, but contact me around that time and I will have an answer for you.”

Do any of these sound like you? If so, I encourage you to go back to some opportunities that you said “No” too. Ask yourself, “Why did I say no? Did I tell myself I wasn’t ready? Did I base my decision off of outside forces and not on my own free will?”

After you answer those questions, prepare yourself for the next opportunity. Do that by getting mentally right. Write some goals down and write down some questions you’ll remember to ask when that next opportunity arises.

Don’t let another opportunity slip away.

I received a call from a good friend of mine about 6 months ago. He said, “Hey man, are you interested in coming to this event? It’s on a Friday night and it’ll run pretty late. I think you’ll get a lot out of it. I know it’s late though, on a Friday night and I know you’re probably busy.” I responded, “Are you kidding me? I don’t have any plans! Let’s do it! The event was an investing introduction course and it walked through a few ways to invest.  Side Note: It was free! The only thing I had to do was drive about 30 minutes to the destination.That was when I had a car too. If I had waited until “the next time” I wouldn’t have even been able to go.” This event, was eye opening, and in other areas it confirmed some things I already knew. But after this event, I knew what I had to do. I made a decision with the guy I went with.

“I’m going to learn this and be a successful Investor.”

6 months later, yesterday, I made my first investment. Wow… if you ever want an exhilarating experience put your money into something that you don’t know for certain if it will increase or not. I mean, yeah, you have your 401k, mutual funds, and bonds that usually have fixed percentage rates of how much your investment will increase yearly. You know, for the most part, what will happen.

Well… let me tell you what, stepping out into “The Market” is an experience. There is no way for certain you can predict what will happen to your investment. All you can do is hope your research and preparation pays off. 

Although… I did only place one order for one share on a stock. I had hit my deadline that I set to, start to Live Trade on Monday June 19th.” The very next day, today, I decided to increase that number, and I bought 5 shares of another stock. I’m still holding onto it and hoping that my small investment ends in a profit. Only time will tell.

There’s still a lot more to learn though. I’ll be continuing to educate myself on how to become the best possible investor and trader.

I based my decision off of what I felt was right. After the event I didn’t call anyone, ask for anyones advice, nor did I ask anyone’s permission. The friend who brought me to the event, was pretty similar, and he stepped off the edge too. With his support, we’ve been able to push each other to challenging ourselves and learning “The Market.”

Side note: Meanwhile, in my apartment, there is an “elusive” cat named Leo(my roommates) that is aggressively playing with a toy mouse, and not giving up until he figures out a way too… Goodness, I have no idea what he wants to do with that mouse, but he means ‘business’ for sure. I’ll let him do his thing.

On that note, I’m committed to learning the skills of becoming an intelligent, ethical, passionate, and successful investor. I won’t stop until I’ve mastered this craft. Just like Leo on that toy mouse…

I mean “business.”

 

“You will never know what you are made of until you step out in faith, turn yourself loose, and find out.” -Anonymous

 

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