4 ms·
I grew up and watched Enron implode with stories of life savings going poof. That influenced me to sell every vesting round which is averaging. This strategy al
by mathgladiator 4y ago
I grew up and watched Enron implode with stories of life savings going poof. That influenced me to sell every vesting round which is averaging. This strategy always haunted, but thankfully my performance made up for it.
With the recent crash, the stock went down over 50% and it turns out that my strategy yielded me an average loss of 22% from peak.
I feel like it is more optimal to have those scars to be cautious earlier than later. That being said, there is also a truth in taking more risks earlier in life.
There is a balance to be achieved.