[I203]In My Old Age

There are two historical economic truths that have worked inexorably since they came into existence. They are like the two sides of the same coin wherein, while one side is bound to the win, the other is bound to lose.

The concept of money was introduced as a tool to purchase commodities, services or products. The truth about money is that its purchasing power has depreciated since its golden times. It is quite apparent from the fact that while money originally was used in form of gold coins, it gradually fell to silver and then to copper and now it is paper.

The second truth, or the other side of the coin, is represented by commodities, products or services. Their value has been increasing since they came into being.

Those who fail to understand these two simple facts come to grief.

There are two way to meet the increasing costs. Either, you pay from your existing reserve of money and deplete it completely in course of time, or, you earn more money to make up the short fall due to extra payments.

Yet another reason to make money is that the interest rates on fixed securities too have been falling. The once coveted and dependable source of passive income has dried up. Instead of paying you interests on your money, some banks charge you for keeping it safe for you.

Apart from the depreciation of money, there are several other reasons why you still need to make money even in your old age.

You cannot easily change your spending habits formed over the decades of your active life. It pleases us to feel we have the power to spend. You become accustomed to a certain standard and style of living that you must maintain so that you do not feel helpless and deprived. It is, therefore, bound to hurt us in our old age if we cannot earn and spend as well.

During the Old ages people tended to feel more insecure about the sudden diseases and similar other emergencies. Old age is when time hangs heavily upon your head and refuses to move. No other form of entertainment can capture and retain your attention. But the lure of money never ceases to cast its spell even on the aging minds. You will never feel bored and sick of life if you keep earning money. And if you can make money when you are old, it boosts your sagging morale and vitality. It brings in a new zeal, a thrill and a kick in the life. It makes you live longer, stronger and happier.

Why should invest in stock market?

It is, therefore, always advisable to plan for old age when you are young. And even if you ignore it in your early age, it is never too late to mend.

One reason why you should invest in stocks and not in other financial schemes like fixed deposits and mutual funds is that investment in stocks keeps you busy. You never feel idle even for a moment all through the day. You rise from your bed with expectations. You keep your mind creatively busy devising strategies and plans as nowhere else.

How do you counteract the argument that stock trading may incur huge losses, take away all your hard earned money earned over your life time and render you penniless?

The answer to this is that you should invest small and carefully. Invest an amount you can afford to lose. It must be noted that you do not lose all your investment in stock trading. You only lose a small percentage of it.

Thousands of old men and women spending time gambling in casinos all over the United States just to kill their boredom. Even they know too well that they visit casinos only to kill their time even if it means losing money.

Gambling is a blind game. You just throw the dice without thinking. In fact there is nothing to think about. You feel monetarily, mentally and physically drained at the end of the day.

Investing in stock trading provides your mind a healthy, productive exercise. You have the whole world of time to learn the tricks and other knick knacks of the trade now that you are retired.

Online stock trading can be carried out from the comfort of your home. You do not need any office, infrastructure, employees and can start trading within five minutes of opening the account and with as little as the cost of a cup of coffee.