How rich other people are getting. “Nothing so undermines your financial judgement as the sight of your neighbor getting rich.”
Financial advice from billionaires. The ultra-wealthy are usually out of touch with normal people for their advice to be useful. They can also recover from huge financial mistakes that you can't afford.
MORE IDEAS FROM 10 Things You Shouldn’t Care About as an Investor
How much you could have made if you would have only put $10k into… This sort of backward looking fantasies are useless, unless they teach you how to pick the next 10-bagger before it shoots up. Otherwise, you may as well throw darts at a list of stocks. Enron anybody?
Timing the market perfectly. Looking at market returns, for individual stocks, funds, sectors, or indexes, can be fun or terrifying, but not very useful. Nobody can consistently pick the best (or worst) times to invest.
Beating the market. Investing is about achieving your personal financial goals, not beating the market. Would you rather get great returns but fail to achieve your goals (e.g., because you invested too little, too late), or achieve your goals with mediocre returns (because you invested early, often, and consistently)?
Short-term performance numbers. Your short-term performance will be great some of the time and miserable other times. Who cares? Long-term returns are the only ones that matter.
Your IQ. In investing, EQ matters more than IQ. There are lots of smart people who invest, but far fewer who can control their reactions. Normal IQ with high EQ makes you a better investor than the opposite.
Success in other areas of your life. Those who assume (non-investment) career success automatically translates to investing success don't usually do well. It doesn’t work like that.
What you paid for an investment. Holding on to a losing investment until you break even can burn you badly. Some stocks never come back. Buy and hold can work out well for some stocks, but for others, you're just throwing good money after bad.
The time and effort you put into your investments. Doing due diligence when choosing investments is crucial. But there are no extra points for effort in investing. How hard you worked on your analysis matters far less than how good a job you did.
It is defined as a perceived seasonal increase in stock prices during January.
Analysts generally attribute this rally (a period of sustained increases in the prices of stocks, bonds, or related indexes) to two factors.
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.
A financial crisis is often associated with a panic or a bank run where investors sell off assets or withdraw money from savings accounts.
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