Investing and Trading: The "Don't Save Your Money" Fallacy

My Daily Blog is at: http://investorandtrader.blogspot.com/

I've heard this a few times: "Whatever you do, don't save your money", that's not the way to accumulate wealth.

That's bologna. Now mind you, if you look at my daily blog, and the percentage that my savings account represents? You will see that I do not save the majority of the money, nor do I believe in doing so.

But you MUST have some savings. To not save your money is sheer lunacy.

NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc.