My Maid Invests in the Stock Market by Bo Sanchez 1 | Page 18

Chapter 5

How to Retire a Millionaire
“The stock market is dangerous!”
Have you heard that before?
I have. Many times.
And you know what? I agree.
After all, statistics say that 85% of stock market players lose
their money. Believe me, billions have been lost.
But whenever people say, “The stock market is dangerous!”
they’re referring to trading in the stock market. Not investing in
the stock market.
There’s a big difference.
In this little book, I’d like to teach you how to invest in the
stock market, not trade. If you want to trade in the stock market,
this book isn’t for you. Please look elsewhere.
Here’s the basic difference:
Trading is buying stocks and selling them within a day or
a few days.
Investing is buying stocks and selling them in six months
or never!
Warren Buffet, the richest man the stock market has ever
made, said, “Only buy something that you’d be perfectly happy
to hold if the market shut down for ten years.”
Here’s why I believe you should be investors: I don’t
believe ordinary people should be trading. I repeat, 80% of
people lose their money in the stock market. My belief is that
most of those 80% are traders.
Another word for trading is “speculating.”

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