As long as people remain financially illiterate, believing that money is an esoteric item that can be multiplied through processes they don't understand, be it the money-doubling witch doctor or the pyramid scheme labelled as an "investment program," they'll keep losing it.
Money is not real, first of all. It is simply an arbitrary measure of economic value. To obtain money, a corresponding amount of economic value must be created. When people attempt skip the economic value and go straight to money, it results in crime and loss.
When governments do the same thing, it results in hyperinflation and economic collapse.
If you're attempting to skip value creation and jump straight to money by hitting "buy" and "sell" on stuff you can't begin to understand, you're the same as a gambler at a slot machine.
If you're attempting to skip value creation and jump straight to money by hitting "buy" and "sell" on stuff you can't begin to understand, you're the same as a gambler at a slot machine.
Don't think for one moment that the fact that you learned a few words like "leverage" and "arbitrage" and you use a trading program on your computer makes you any different from Jimoh the Baba Ijebu addict who thinks his N20 will make him a millionaire.
You're both the same.
You're both the same.
All you're doing is giving your pennies to JP Morgan and Ray Dalio, same as Jimoh is giving his pennies to Akin Alabi and Baba Ijebu - those are the people who are in business, and you're just the mark.
You better stop being someone else's value creation gig and go learn a skill
You better stop being someone else's value creation gig and go learn a skill
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