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My wife always says that growing up, all her dad and brother used to talk about at the dinner table was "I should've invested in that stock when it was cheaper!
by atonse 9y ago
My wife always says that growing up, all her dad and brother used to talk about at the dinner table was "I should've invested in that stock when it was cheaper!" or "I should've sold when it was higher!"
I feel that way about Bitcoin/others. It's always regret all the way. It's like buying a stock.
I had a chance to mine lots of bitcoins in 2011... never got around to doing it. It's now the same as "I should've bought Apple stock the day before the rumored iPhone debuted, like I told friends to do"
- redeemedfadi 9y agoYou always remember the successful investments you didn't make, but not the unsuccessful ones. Think of all the money you didn't lose making bad investments.
- atonse 9y agoAgreed! I have a couple of those as well, but you're right, you tend to forget them.
- ShannonAlther 9y agoIf you're a little faster than average on the draw and have money to burn, the profits from the successful investments outweigh the money lost on the unsuccessful ones. E.g. if you have $50k, and spend it on five companies, only one of those companies has to be Apple for you to make way more than you started with...
- OJFord 9y agoApple isn't a '1 in 5' company, though.
- hevisko 9y agoMy grand dad quoted a "mentor" about stocks: It's a sorry game! - You're sorry you buy - You are sorry you did NOT buy - You're sorry you sold - You are sorry you did NOT sell it!