Has the stock market been a friend or foe to you?

Hey, I met a new friend this morning. No, I met him earlier, I just didn't realize he responded to my rants until this morning. I woke up to his notification and I am rather pleased by the fact that he stayed put and responded to everything I asked. I decided to make a post in his honor, and share with all of you the lessons I gained from the discussion I started with him.

How did it start?

Sunday, I read almost all the posts of the people I followed and left a comment. I found Hive account@joeyarnoldvn post in the course of this journey. I was amazed by the number of social media accounts he owned. He was online, and he made it important to have an account with those social media platforms. I have a small number of social media accounts and it gets intensively difficult to manage them. So when I saw a different human own more than I do and seem to be able to manage all of them, I was jealous. I channeled my envy positively by asking him how he can do that.

He told me he didn't wake up to all of those social media accounts, he gradually built them, just as Rome wasn't built in a day. The fact that he has all of those accounts doesn't mean he stays in it every day. He is an organized guy, so he has a bunch of bookmarks, folders, in his web browsers, Firefox, Dissenter. He has notepads, logs, and templates, where he documents accounts, passwords, and links in an organized way. All of this he does to save time, and I admire that. He confirmed he is in any of his social media accounts depending on what his priorities are for the day.

How long has my new friend been on the internet? 24 good years, he started, way back, 1997, I wasn't even born then, lol. No wonder it looks magical that he has a lot of data embedded on the internet.

What else did we talk about?

The stock market. When he said;

A lot more people started getting involved in the stock market as the Internet was rising in the 1990s.

I told him about my intentions towards the stock market. I am interested in the stock market, so I am reading about it, trying to get a feel about its diversity and methods. When I have a certain amount of income, I will start putting my feet into it. Hive account@joeyarnoldvn came around and explained the stock market is hard to understand, but advised anyone interested to take gradual steps in investing. He went further to advise us to get into the stock market with an amount we can afford to lose. Emphasis was placed on investing in Land, gold, other tangible things, long-term trading instead of day-trading.

Well, he informed me that there are many factors to consider especially with the fact that the dollar is gradually losing its value. He said super hyperinflation is coming which means the stock market is likely to fall greater than the 1929 stock market crash, the great depression America.

The most surprising thing about this discussion is his remark about focusing on independence instead of the market. Since anything can happen, he has placed his money in the stock market, and cryptocurrency as well. I want you to pay attention to this point, I have taken it to heart too.

In other words, it is better to focus on independence. Like, grow a garden. Have things that do not rely on electricity. Someday, we may not have Internet for a while. So, try not to depend and rely too much on whatever you try to invest in that is online.

This made me remember that I did write on Monday that I would love something offline. My reason was so I can have direct contact with humans. And my new friend confirmed my instincts were on the right track. He didn't say we shouldn't invest time, money, and efforts on the internet, instead, we should also have an offline portfolio to fall back on.

Therefore, you have to be smart, diversify your portfolio, your investments, have backup plans, prepare, plan, be ready for anything, accept the best but expect the worse. (his words).

I had fun reading and responding to his comments, and I have to tell you, he came around to other posts of mine, and it has another round of lessons.

Thank you very much Hive account@joeyarnoldvn for your time, and advice. I appreciate it.

I thank you guys for always reading. Please leave a comment maybe, about your experience in the stock market, and the internet, or your future intentions towards them. Have a wonderful day.

PS: I met my new friend on his daily journal, 2021-10-22. You can check it out.

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