May the Odds Be EVER In Your Favor... Or Maybe Just Not Terribly Against You
Alright alright settle down. It's Katniss Everdeen here to talk about something almost as scary as the arena: the stock market. Apparently some guy named Tim Seymour who sounds like he belongs in the Capitol if you ask me is giving out 'tips' to avoid losing all your hard earned… well in my case hunted… money. He says 'Don't have more money in the market than you can stomach.' Easy for him to say! We barely have enough to stomach a decent groosling these days.
Desperation: The Hunger Games of Investing
Seymour warns against desperation leading to bad decisions. Tell me about it! Desperation is practically my middle name. But seriously he's got a point. Making rash choices when you're backed into a corner? That's how you end up volunteering as tribute for your little sister…or buying Gamestock at its peak.
Hope Is Not A Strategy (Unless You're Hoping Peeta Bakes You Some Bread)
His second tip is a doozy: 'Don't hope that you get back to breakeven.' He says 'Own a stock based on merit not hope.' Merit huh? Sounds a bit like the careers in District 1. You can’t just 'hope' things turn around. Unlike Peeta's bread baking skills wishful thinking isn't going to save you. Sometimes you have to know when to cut your losses. I learned that when I had to leave Rue behind.
When the Mockingjay Stops Singing: Adapting to Change
Next up: 'Don't assume yesterday's investment rationale will work tomorrow.' He wants you to ask yourself if the fundamentals have changed. Basically if the rules of the game change you better adapt. Remember when the Gamemakers threw in those muttations? You can't keep doing the same thing and expect different results. Gale would be proud of this one.
Cutting Your Flowers? That's a Capitol Offense!
Okay this one's a little flowery for me but I get it. Seymour says 'Don't cut your flowers and keep your weeds.' Focus on the good investments the ones that are actually growing and get rid of the dead weight. In other words ditch the poisonous berries before they kill you.
Join the Rebellion? (Or Just His Seminar)
So there you have it. Tim Seymour's wisdom distilled for your post apocalyptic enjoyment. If you want more personalized advice you can apparently catch him at some 'Fast Money' event. Sounds a bit like the Capitol's entertainment to me. But hey maybe he'll have some tips that'll actually help. Just remember: Trust no one and always have an escape plan. And if all else fails learn to hunt. Disclaimer: I am not a financial advisor and if you take financial advice from a teenage girl who shoots arrows you probably deserve whatever happens next.
investing money finance stocks market volatility financial advice Tim Seymour loss prevention money traps fast money
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JACKT50
These tips are Hunger Games-level useful.
habbieb
Who needs stocks when you have a mockingjay to lead the way?
budi_hermawan128
But what if I WANT to volunteer as tribute...for financial freedom?
ophelia
May the odds be ever in your favor...unless you ignore these tips.
ffhfox
So basically, don't be an idiot with your money. Got it.
shaunnt1
Is this real life? Or is this just fantasy?
F33NY
This is the best explanation of financial advice I've ever read.
ophelia
I'm still trying to figure out how to make a decent loaf of bread like Peeta.