There is alot of hard work to be put in but it is all worth it. You have to constantly reading to keep up with the market movement. What I learnt is that once you have developed a habit of doing it, it comes naturally.
The added bonus is it makes your conversation with people more interesting and makes you looks really intelligent. Your friends or associate who are talking to you will be very impressed with what you have to share and sooner or later they will approach you for advice too.
I know because I experienced that. I used to hate reading news and even find it a chore to do it. Even if I read, I would prefer the sports, life and entertainment section. However now, I love to read those business and money section, then analyse the news to see how it would affect the stock market.
Then when I shared with people, you can see the awe in their eyes when they find you really knowledgeable. In fact I even have my office manager approaching me for investment advice. She even scehduled a monthly meeting to talk to me.
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