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<p>[QUOTE=&quot;Kasia, post: 1281843, member: 31533&quot;]I&#039;m sure there are people (I&#039;ll call them &quot;Lucky&quot;) who have had success in their lifetimes picking out silver, stocks, gold, etc. that end up making them money. They seem to focus on certain trends and signals, of which I don&#039;t know what they are, as well as having an innate sense of what will be. Obviously, they are not fortune tellers in that they usually do spend quite a bit of their time with this as a hobby, and sometimes, as a profession. </p><p>I&#039;m also sure there are more people (I&#039;ll call them &quot;Normal People&quot;) who sometimes are successful in investing, but for the most part it&#039;s haphazard and their luck is more real luck than anything else. Most are either in the right place at the right time (meaning they are happening to be able to buy stock, etc at a moment in time that turns out to be fortuitous), and also either don&#039;t have to sell soon after, so they can pick the time to sell, or they have to sell, and they again are in the right place at the right time (meaning they are happening to sell at the moment that is good for them).</p><p>There is this story that during the crash of 1929 (most people losing their money, of course) where this one school-teacher actually came out ahead, because she sold her stocks like the day before it happened. If I remember right, and I may not, it was because she needed to buy new clothes for the school year or something. That&#039;s luck, but she actually was a &quot;normal person&quot; rather than &quot;Lucky&quot;, because she used no knowledge to do so and she was in the right place at the right time.</p><p>Basic thing is that if you look at history, if you have the ability to invest (non-essential money --- that you probably will not need to call out for 12 to 15 years down the line) and you just think about what the world is going to (plastics instead of horse buggy building), buy quality offerings, and diversify, you can usually turn a profit in the long run. But anytime you are playing with money that you absolutely could need in the next 1-2 years, you are taking chances at losing more than winning.</p><p>And lastly there are &quot;Suckers&quot;. I&#039;ll leave it to you to define that, as it encompasses all the others outside the Lucky and the Normal People.[/QUOTE]</p><p><br /></p>

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