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How to Avoid This Investing Mistake
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❌ᴛʜᴇ ᴍɪsᴛᴀᴋᴇ - ᴡᴀɪᴛɪɴɢ ᴛᴏ ʙʀᴇᴀᴋ ᴇᴠᴇɴ ʙᴇғᴏʀᴇ ᴄʟᴏsɪɴɢ
There are two flavours to this investment mistake:
1. Selling when you break even, but you should continue to hold
2. Selling when you break even, but you should've sold ages ago
👾 ʜᴏᴡ ᴅᴏ ᴘᴇᴏᴘʟᴇ ғᴀʟʟ ɪɴᴛᴏ ᴛʜɪs ᴛʀᴀᴘ?
You do your research, find a fantastic company and initiate a position. The stock just about immediately drops and you're in the red for 6/12/18 months. Finally, it breaks even, what do you do? You are probably itching to just get rid of it at this point.
The video describes how to stop making this investment mistake. I've also walked through examples including VW, Netflix, and AMD. 🖖
DISCLAIMER: I am not a financial advisor. These videos are for educational purposes only. Investing of any kind involves risk. Your investments are solely your responsibility and we do not provide personalized investment advice. It is crucial that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. Please consult your financial or tax professional prior to making an investment.
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