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Don't sweat about your mistake. Money comes, money goes. Lessons learned: timing investments is really hard. Trying to buy from the bottom can be equally stupi
by dirtyaura 13y ago
Don't sweat about your mistake. Money comes, money goes.
Lessons learned: timing investments is really hard. Trying to buy from the bottom can be equally stupid.
Personal story: I got a bit of play money when we were acquired. Naive me thought that I understand how the world works. The first months of finance crisis had just happened. In US and selected European countries real estate prices had dropped, but in Finland market hadn't crashed. I reasoned that they eventually will, and it's a bad time to buy an apartment, but a good time to invest to finance stocks because they had already crashed. Among other investments I bought some Citibank stocks -"they are the largest, thus probably the safest". Boy I was naive.
Real estate prices in Finland never crashed, Citibank's free fall had just only started.