Investing Mistakes I’ve Made so You Can Avoid Them
Trust Me, You Would Want To Avoid Such Silly Mistakes As Well
As the co-founder of Alibaba, Jack Ma, once said,
“Instead of learning from other people’s success, learn from their mistakes.”
He mentions that the point of learning from other’s mistakes is not to avoid them but to understand how to deal with them when they happen to us. In life, it is not about how we succeed but rather, how we overcome adversities — which we all will eventually face.
Having invested for nearly a year now, it’s safe to say that I have accumulated a few valuable, literally, lessons on investing.
A lot of people want to get rich overnight. But only the wiser ones know that it isn’t possible without any risks.
Here are five guidelines that I would advise EVERY investor to adhere to so as to minimize risks to your portfolio.
1) Don’t Buy Before the Earnings Call
21st October 2020. Tesla’s Q3 earnings call. Before then, the stock price was growing at a phenomenal pace — growing 5% with ease nearly every day. Yahoo Finance, Bloomberg, and Reuters were knocking onto our phone screen with the latest notifications of Tesla’s “next big…
