Thursday, April 9, 2009

Day trading: is it back?

Lee Eisenberg has a nice piece that's worth reading in today's Daily Beast.He describes the perils of finance and investments as well as anyone. What he describes here, I think, is a common hazard. Investing isn't entertainment or - at least - it isn't all entertainment. Many of us take joy in watching football, but it's completely different for the players. The guy in the stands places an occasional bet, but there's a genuine stake in every play for every player. Similarly, an occasional bet or "day trade" might be a fun diversion, but most financial decisions have real consequences, and there's real danger if it gets much beyond that. I say go to Vegas if you want to gamble. Family investing is too important for that.
Read Lee's piece here:

http://www.thedailybeast.com/blogs-and-stories/2009-04-09/return-of-the-day-trader/

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