Investor vs Speculator
Filed Under Market Commentary |
I wanted to take the time to explain the difference between these two LABELs.
Investors, who are they? Investors are instituitions or individuals who seek a rate of return on an initial payment. Payment? Yes, payment, you pay for bonds…mis-notion that you INVEST money. At some period after this initial payment, the investor EXPECTS (remember, not guaranteed) some form of repayment. For ex: this investors pays 1k for 1k worth of US 5 year treasury note. Every 6mos this investor expects to recieve 5% in interest payments over the life of the note. This is an investor!
A speculator is someone who believes the price of something or instrument (stocks, bonds, forex, commodities…blah, blah) will go up. Again, the speculator PAYS for a particular instrument and expects to sell it at a higher price.
What I explain here is that I am a speculator. I don’t intend to be an investor. I do not have the resources that a big wall street firm has, nor do i want it. There is just far to much JUNK or noise generated by Wall St. that I’d rather not listen to it. They are driven to make the ordinary Joe think he smarter than he is only to take his money.
MktSpec
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