It has been a week of profits for big and a few unknown small
companies. Those who bought Safaricom shares, though it might have taken quite
a while, have a reason to smile on their way to the bank. Of course any
speculator would have expected a similar trend, where the share prices hit
record lows after the initial offer and then start moving up as the popularity
of the shares declines. While the wisdom of trading shares may appear conventional
to a majority of business people, majority of the public are not interested in
them at all. Funny enough, the names of extravagantly wealthy individuals who
have made it in the stocks, the likes of Buffet are at the fingertips of each
wannabe investor. In actuality, knowing the working of the stock market is
easier than any recent dance move that a teenage girl can learn.
However, the desire for comfort and the human mind is so
framed unless trained otherwise, drives us to improvising means of enjoying the
fruits and avoiding the associated work as much as possible. In this case, the
plant is our knowledge which we must care and grow daily. As applied in the
stock market for instance, knowledge refers to the power that enables one to
trade confidently in the stock market. It ranges from basics of what stocks are,
how one earns income in the stocks, to the complicated matrices and tools that
are employed in predicting the direction of various prices in the market. Knowledge
of the basics is enough for one to invest their extra income in the stocks. However,
it is not sanctioned in any holy book that one must trade in the stocks to
attain financial freedom. There are a lot of other avenues for generating extra
income. For example you may think of a bar, a kinyozi and of course the most recently
rewarding investment of a church among others. All we are doing here is to
create choices through which prudent investors may put their extra income as
the retirement age unnoticeably approaches. Have a blessed weekend.
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