Many people view investing as a daunting task, something to be done begrudgingly and that eats up your disposable income. However, you can have fun with investing, and secure your financial future, by treating investing as a hobby. Like any hobby, investing offers things you can learn, fun choices to make such as choosing which stocks to invest in, and it can satisfy your consumerist need to buy something. Treating investing as a hobby helps you to make the psychological transition from tedium to excitement in investing for your future.
Hobby Investing as Knowledge
Like many hobbies, investing can be done simply with a minimum of knowledge or mental effort. Or investing as a hobby can involve learning and deepening your knowledge of investing methods, or of stocks or funds that interest you.
Some investing hobbyists enjoy learning about statistical or historical stock trends. Other investing hobbyists enjoy researching companies in depth, learning the ins and outs of a new industry or business model. And still other investing hobbyists enjoy picking stocks and putting together their own portfolios. Whatever your interests and your level of mental commitment, investing as a hobby has something to offer nearly every personality and every set of interests.
Hobby Investing as Freedom of Choice
In a free market economy, investing hobbyists are free to choose how to invest their own money. If you are interested in railroad companies, then you can invest your money in railroad companies. If technology is your passion, then there are countless tech companies waiting for you to pick the next Microsoft, Google, or Apple. Whether you like to dabble in multiple industries, whether you like to buy and sell stocks on a daily basis, or whether you prefer to invest to meet your long-term retirement goals, investing as a hobby allow for the freedom of self-expression and freedom of choice that you would expect to find in a free society and a free market economy.
Hobby Investing as Consumerism
Many people in today’s society are addicted to shopping and consumerism. Many investing hobbyists have been successful by shifting their consumerist drive from purchasing things with little intrinsic value to purchasing investments that help to secure their financial future. Just as you might shop for a new purse or a new electronic gadget, you can treat investing as a consumer hobby by shopping for investments as you would shop at the mall. The psychological result of leaving the mall satisfied with bags full of goodies is similar to ending up with a well-rounded and growing investment portfolio.
In conclusion, investing as a hobby is nothing to fear. Investing allows you to learn about economics and the stock market, it allows you to creatively express yourself by investing in the things that matter to you the most, and it can satisfy your drive to purchase by allowing you to shop for investments. Investing as a hobby is a fun and simple way to help secure your financial future.