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HOW IT ALL BEGAN
It all began in
a traffic jam on I-95S, in 1998, while going to work. Day after day the
traffic continued to back-up and the interstate became a giant parking
lot for 20 minutes every morning. Day after day my notebook started to
become filled with ideas and examples of how I envisioned my game to
flow.
For over 10
years earlier I had been trying to faithfully make annual deposits for
retirement and had done this through my local bank. I had been
introduced to one of their agents and was advised to place my money into
mutual funds. I had no idea whether these funds were the best avenue to
have my money reside in or what other alternatives might have been
available.
I knew that there were stocks available and mutual
funds were a conglomeration of closely related stocks, but I knew
nothing about investing nor how the stock market worked. I had read some
articles on how stocks could appreciate at a greater level than mutual
funds and they could also be riskier to place your money in too. Since I
wasn’t getting any younger and my retirement fund had started late in my
life I decided that I would try to teach myself how the stock market
functioned. I picked-up a few books and read some articles and found
none of these pieces of literature interesting. I would start reading a
few pages then I start to doze off. This neither worked nor satisfied my
eagerness to learn. Then one day, while sitting in my car, going no
place fast, I thought of how I could start to learn about one of the
greatest financial institutions that man had devised…The Stock Market. I
would take some money and invest it on-line so I could be an active
participant in real-time. I found this fast action attempt to “win”
money becoming almost habit forming. I did eventually lose 80% of my
internet investment, but with the knowledge that I was not alone in the
investment world. There were others out there who were probably as naïve
and as cocky as me, thinking that they too could “win” millions. I came
to the realization that this was a form of gambling, at least the way I
had played the market. I then thought that there has to be a safer way
to learn how the stock market works and be just as exciting as on-line
investing. This is when I started to develop
Wizard of
Wall Streettm.
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