It really makes me sad to see valuable people always struggle with their own financial demons when they are supposed to be creating high added value. The truth is that people who constantly worry about their savings are not destined to accomplish extraordinary things in life.
I travel constantly and it gives me the chance to chat with dear old friends and business people at airports. I always find most of them to worry about their stock exchange investments.
One time, I had bumped into an old acquaintance of mine who was anxiously watching the stock market on his phone. He looked at me with a bitter smile on his lips because I had apparently rubbed salt into the wound when I asked him if he lost a lot of money.
Encouraged by our strong friendship ties between us, I told him about the warnings I recently heard from a highly experienced financial expert: “Technical analysis gurus do not like it very much if stock trading volume hits record highs when markets are going up.”
Probably annoyed by my words, he tried to explain to me the reason lying behind this fall. But, I reminded him of that warning again, “You better be careful if trading volume hits record highs when markets go up”, just when he started to tell me a story about the withdrawal of a big financial company from the market.
Why professionals do not want amateurs have control over the markets
Seeing that he chose to agree with me this time, I began telling him a world-famous story about a portfolio manager who emptied all company stocks in his portfolio on the next day after he overheard a shoe shiner talk about the stock market.
The reason why he did this was not to hurt small savings holders. But he knew that small savings accounts with different expectations dominating the financial markets instead of corporate accounts lead to harsh fluctuations and financial instability.
The high number of accounts in stock exchange and ever-increasing stock trading volume eventually leads to a selling rush at the resistance level
That’s why professionals do not want amateurs have control over the markets. “The high number of accounts in stock exchange and ever-increasing stock trading volume eventually leads to a selling rush at the resistance level”, I finally said to him, trying to shed a brighter light on the situation.
But he was insistent, “I’m no small investor. I might even be considered a large institutional investor”, he said. Realizing that he would be refusing to understand anything I might say, I chose to keep silent about this issue and started a new topic of conversation.
An honest legacy
Recently, the following dialogue took place between me and a gentleman who is a non-profit supporter of art and culture in Turkey:
- Hello professor! Where do you suggest we should invest our money?
- Why don’t you just give it to me because I would very carefully spend your money!
- Stop joking, professor! Tell us what to do.
- Do not tie up all your money in one instrument for a long time.
- So, where should we tie it up?
Afraid that this conversation might go on forever, I decided to tell him my story which involved me making efforts for almost 12 years now to become a fully self-sufficient person in terms of health, education, knowledge, music, culture and literature.
I told him that I have no ambition of becoming rich, thus I have been donating a certain amount of my income to children with autism. I also told him that I am making investments on the basis of one very important principle: “Standing on my own two feet”; and many other things essential to my life like I’m trying to lead a healthy lifestyle due to today’s high medical expenses, I am doing my best to ensure that my presentations offer high quality content both visually and verbally, I am sparing no effort and expense to offer high quality content in my official website and YouTube channel, I have 100% real, organic followers on social media because I personally run my accounts.
Not to mention that I do my homework before I appear live on network as a guest or an expert, if necessary, paying the right people for gathering the right source of information about the topic of discussion.
I am investing now so that I can leave an honest legacy behind, a legacy that my children can be proud of. Just like my father did - Emre Alkin
Adding that all of these efforts and endeavours are financially and spiritually keep me satisfied, I said to my friend, “I am investing now so that I can leave an honest legacy behind, a legacy that my children can be proud of. Just like my father did”.
After a moment’s silence, he asked me:
- Great story! But, you haven’t still told me what I should do with my money!
No, he was being serious! Bursting into laughter, I told him that, sadly, I won’t be of any help to him.
Fundamental duties
People in this country should stop worrying so much about their money in order for some people can finally offer ground-breaking ideas, inventions to the world.
We will never be able to focus on our fundamental duties as long as we keep wondering what financial instrument we should use to keep our money safe against other currencies. That’s why those who appear as “big business men and women” are in fact nothing but petty retailers.
You will never be meant for greatness if you cooperate with people who always think about their money regardless of its size
You will never be meant for greatness if you cooperate with people who always think about their money regardless of its size. To improve, we can start by eliminating the circumstances that made these people excessively money-minded in the first place.
In a world where Trump had a narrow escape in an assassination attempt, the Middle East is engulfed flames, the Ukraine-Russia War has become a daily reality, the Olympic torch was lit amid a controversial opening ceremony, the far right is marching unwaveringly into the mainstream, and thousands of innocent people are being killed every day, people are seeking to guarantee their future in case there won't be a future at all.
