Do Not Watch Your Bankroll Or The Stock Market Either

. But, he is confident in the stock market over the long term, the very long term. We should all be long term investors. There is too much volatility and emotion wrapped up in the short term. Focus on being an investor and not a trader. Investors look way out to the horizon and do not get wrapped up on how the stock market and economy is doing today.

This is the fourth of a seven part series of what Las Vegas can teach us all about personal finance. Check out the others in the series below…

• Post #1 – Invest In What You Know
• Post #2 – You Need Perseverance
• Post #3 – Know The Rules Before You Start
• Post #4 – Do Not Watch Your Bankroll (The Market)
• Post #5 – Know When To Stop
• Post #6 – Do Not Gamble More Than You Can Lose
• Post #7 – Know When You Are In Over Your Head

Just to be clear….in no way am I advocating gambling. If you think that you may have a gambling problem, you should find help as soon as you can. There is help available. You can find help andresources at the Gambler’s Anonymous website, the National Council on Problem Gambling, and the National Center of Responsible Gaming.

© Own The Dollar – This posting originally appeared on the blog, Own The Dollar. Visit the website for more great content.

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