Saving, Managing Debt, and Budgeting
Investing Versus Speculation
How do I make decisions to buy or sell if I am investing or speculating?
When you are investing, according to author Ben Graham, you decide to enter or exit a position based upon the underlying economics or analysis of that asset. When you are speculating, you decide to enter or exit a position based in large part on your belief regarding the near-term movement of the value of the asset.