Yes, investing can be a full-time job. There are many people who make a living by investing in stocks, bonds, and other assets. If you have the time and knowledge to manage your investments effectively, then you can certainly make investing your full-time job.
Of course, there are risks involved in any type of investment, so you need to be aware of those before you commit to anything. However, if you’re willing to accept the risks, then investing can be a great way to earn a living. If you want to make investing your full-time job, William Schantz suggests that you prepare yourself for the following.
Requirements for Being a Full-Time Investor
Get Educated on the Subject
According to William Schantz, there’s a lot to learn about investing, and you can’t just jump in without knowing what you’re doing. You need to understand the different types of investments and how they work before you start putting any money into them. There are plenty of resources out there to help you learn about investing, so take advantage of them.
You should start with learning the basics of investing, such as how to read financial statements and what types of analysis to do on a company’s stock. Once you have a good understanding of the basics, you can begin to learn more advanced concepts. There are also many online courses and books that can teach you about investing.
Develop a Strategy
William Schantz believes that investing is not something you should do haphazardly. You need to develop a strategy and stick to it. Decide what types of investments you want to make and how much risk you’re willing to take. Then, research the companies or assets you’re interested in and determine when the best time to buy them is. Once you have a plan, stick to it and don’t let emotions get in the way of your investment decisions.
Investing takes discipline. You need to be able to stick to your strategy, even when things are going bad. There will be times when the market is down, and your investments are losing value. But if you sell off your investments during these times, you’ll only lose money in the long run. Instead, you need to have the discipline to hold on to your investments and ride out the rough patches.
Build a Diversified Portfolio
One of the most important things you can do as an investor is to build a diversified portfolio. This means investing in a variety of different asset classes, such as stocks, bonds, real estate, and commodities. By diversifying your portfolio, you’ll minimize your risk and increase your chances of earning a return on your investment.
Investing is a long-term game. You’re not going to make a fortune overnight. Instead, you need to be patient and let your investments grow over time. Don’t try to time the market or make rash decisions. Just sit back and let your portfolio grow.
Turning investing into your full-time job can be a great way to earn a living. But it’s not something you should do without first doing your homework. Make sure you understand the risks involved and have a solid plan before you start putting any money in the market. And above all, be patient and disciplined. If you can do all these things that William Schantz has mentioned above, there is no reason why you can’t be a successful full-time investor.