It's a waste of money for those who do not know what they're doing, or think they know what their doing. These two types of people constitute the majority of market participants.
Before putting your money in stocks, I recommend doing a good bit of research to understand how and why the market moves as it does.
Many people have become rich in the market, and it was not based out of luck - it was based out of consistently smart investment decisions.
buying the wrong security is a waste of money.
many rookies buy a stock based on a hunch, a tip from their barber or wishful thinking. All 3 usually come to a bad ending.
this is not a waste of time. Its a kind of business but you have to study market before purchase shares.
And how have they come to that conclusion?
Those people who say it is a waste of time probably have a pension, or insurance where their payments are invested in the stock market.
Tell them to put that in their pipes and smoke it!
If you don't follow the market and don't know much about stocks and why they go up or down, you should buy a mutual fund or two. Mutual funds can be researched on Morningstar.com.
Buy and hold, study value investing it is simple
many people told me that it is waste of money..
