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My econ teacher always said to keep the money invested you want to lose. Couldn’t you take out a sum, but keep investing a sum you dare to lose?
by prox 5y ago
My econ teacher always said to keep the money invested you want to lose. Couldn’t you take out a sum, but keep investing a sum you dare to lose?
- OJFord 5y agoHence GP says 'diversify'. If you weren't an employee, or were one with no related stock in the company, would you buy so much, invest ~everything, in that (or any) one company? No? Well, don't treat holding differently to buying. It's the same, modulo fees & tax.
- amelius 5y agoMy econ teacher taught me nothing about personal finance. Is this normal?
- prox 5y agoI dunno, got taught in Europe, got micro, meso and macro in different years, and sometimes semesters. My econ teacher was also a bit weird in a good way, a real character with a lot of knowledge. Ofcourse I didn’t do anything with it, wish I had.
- tata71 5y agoMichael Saylor says only invest the money you can't afford to lose. This is likely closer to reality, if one is cryptocurrency savvy.
- prox 5y agoI don’t really get this point… how does that work?
- tata71 5y agoIf you can afford to lose your money, don't invest it into cryptocurrency and keep it as USD or other fiat.
- randomopining 5y agoAll the ghost industries like US airlines kept afloat by money printer go bur. It keep going and the intrinsic value of a BTC go up. (Numba go up)