We've almost dispelled the five myths for why most people don't invest in the Toronto Stock Exchange. Myth number four: time, actually the lack thereof.
We all have the same 24 hours a day, but we all spend those same 24 hours differently, and that is what determines how and why lives take the paths they do. People that spend at least some of their day taking small steps to acheive greater goal, move forward. Hobby investing moves lives forward financially.
My experience has taught me that it takes about 15 minutes to fill out an application for a direct investing account, 2 hours to decide if you want to buy a company, 5 minutes to buy or sell a company, and 20 seconds to check the performance of the company (a little longer for those of you out there that are connected to the Net via dial up).
So, for an investor that buys and holds a company for 6 months (because they're ready to sell since the stock price has gone up 20% in the past 6 months) that's 4 hours and 35 minutes a year to decide, buy, sell, and make a healthy 20% gain. Hmmmmmmmm.....do you still think you don't have time? You don't not have time to do something so simple to secure some financial bonuses for your future!!!
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