A Tale of Two Investors

My cousin and I got into market investing around the same time. He did it because of a school project, and I did it out of curiosity. I wanted to see what all of the buzz around the market was about, and I had some extra money to put into it. There are lots of shares on the market to get, making my choice for which one would be my first investment harder than I expected. Out of the UK shares to buy, the ones that were related to copper looked like the best option.

My cousin went a different route with his investment choices. He was trying to chase after the tech companies that looked like they were on the rise. While tech investment can be a good idea, I don’t think he really took the time to think about his choices. He just saw anything that looked like it would produce the next big thing or become a big household name, and put some money into it. Essentially he was taking a big gamble and hoped it would result in a high payoff.

Things didn’t go so well for my cousin. He lost all of the money that he invested. None of the companies that he put money into did anything to generate profit, and a few of them even went out of business. On the other hand, I was able to gain back the money I put in for the copper shares, and made more after that by buying more shares. My cousin was so discouraged because of his failure in the market that he didn’t want to invest again. I told him that he shouldn’t give up so easily, because he could always buy copper shares in the UK and he would have a good turn around.