So as soon as you are active, soon as you are doing something, it’s not investing. You can invest like $5000 or $10,000 but you're gonna make peanuts.
If you put $10,000 and make 10% on a year, you will make $1000 a year, that’s somewhere around $83 per month, that’s not much right! Even if you have $100,000 and make 10% a year, that’s 10,000k, that’s less than $1000 per month. You cannot live with that!
So I always say that, if you need to invest you should have more than a million dollars. Once you have a million dollars, now you can look to get those 5% to 10% per year. 5% to 10% of a million is $50,000 per year, that’s roughly $4000 to $8000 per month, you can live of that!
That’s it. You need to treat the money the good way. You need to understand the clear difference between the two.
Most people come in trading thinking the investment way, or they came into investment thinking they will meet the trading returns. That’s not the right way.
And that is why we prefer to trade rather than hoping on our investments to grow. As we can grow our capital way faster and more efficiently
