Do you know the difference between Speculation and Investment?
Do you like HOT stock tips? Are you waiting for that piece of information that only a few, select people know? Do you invest in something because your family or friends are doing it? Have you lost money on a 100% guaranteed investment? If you answered yes to any of these questions (and many like them!) you are a speculator - or at least have engaged in speculative behavior at some point. Investors are not speculators. What's the difference? I would say the main difference is