Am I a fool for continuing to invest in the stock market? I’m self-employed and don’t know how to build a nest egg these days. –@teashopgirl
You are not a fool at all although I would stay away from the stock market. I’m bullish on the market and the US economy. But I think too many people without experience buy at the top and sell at the bottom and I also think there are only two types of people who make money in the market:
A) People with large stakes who hold forever (Buffett and Gates come to mind)
B) People are wired right into the exchanges and make millions of trades a day.
Everyone in the middle gets slashed up and loses money.
I happen to own the children’s book Tea Shop Girl (the questioner) has written. When you own stocks you get too distracted to write, particularly during downturns. It’s also very hard (Maybe impossible) to write a bestselling fiction book.
But, for someone already in the business, it’s possible to write series of books that get consistent (but small advances) that could then produce steady streams of royalty. My advice after more back and forth was to be prolific (Isaac Asimov, for instance, wrote 467 books) and write a 100 books in a series of children books.