Читать книгу Starting With Shares - Roger Kinsky - Страница 27

Many people think the terms traders and investors have virtually the same meaning, but actually they're quite different. A share trader usually buys or sells shares with the purpose of making a profit from the trades, so they don't hang on to shares for too long. In fact, a class of traders known as day traders aim to buy and sell the same shares on the same day so no positions are held overnight.

Generally traders make a profit by selling shares for more than they originally paid for them. Traders usually choose shares that are volatile — that is, their price rises and falls a lot in a relatively short period of time. These shares are the most risky and are usually shares issued by small businesses such as small mining companies or small biotechs and technology companies. These are also known as speculative shares or speckies.

Investors, on the other hand, buy shares and hold them for a reasonable period of time. If you're a share investor, you aim to put your spare cash to work to earn you a higher return than you could get from a bank account or similar type of investment. This is especially important in today's investing climate where interest rates are at a historical low. Investors usually purchase shares in larger businesses with a stable history of long‐term profitability. These are also known as blue chip or green chip shares and they're inherently less risky.