You are never making a mistake by not investing and instead keeping your savings. You might be making an opportunity loss, but mistakes are when you lose all y

You are never making a mistake by not investing and instead keeping your savings. You might be making an opportunity loss, but mistakes are when you lose all your money because you put it in something that you heard someone telling you about. Past result of an investment is not a guarantee for future returns, so if many people got rich in something in the past years, doesn't mean others will in the next years. Arguments like 'fear of losing out' and 'making a mistake by not doing it' are absolutely the wrong ones in an investment decision. These lead to irrational choices that can result in sleepless nights and misery. These are the drivers for a mania or bubble. Instead think of 'can I handle the loss?', 'am I comfortable with the risk/reward profile?' and 'do I understand what I am doing?' This last point I do not mean personally, but many people and companies have burned themselves seriously with complex derivatives that they had no idea of how dangerous they were. If you make your investments with well-thought arguments, then you will still be able to sleep at night and live with yourself if it goes bad. (Things can always go bad, no matter what people tell you with their historic charts.)