We often hear a theory about stepping out of our comfort zones. Do you do this when investing?
Some users frequently invest in stocks they are familiar with.
For example, Chinese users always invest in Chinese concept stocks, but most of these stocks have performed mediocrely in the past two years.
There are also some users who are afraid to try new investment fields, missing out on Bitcoin's surge in the past two years.
I believe people should stay in their comfort zones but need to distinguish between their comfort zone and the boundaries of familiarity.
As a Chinese user, I also invest in Chinese concept stocks, $PDD Holdings Inc(PDD)$ but this isn't my comfort zone. When reviewing stock profits and losses, these stocks haven't brought much profit and may even result in losses.
Rather than stepping out of my comfort zone, I prefer to explore the boundaryof my comfort zone. $Tiger Brokers(TIGR)$
What do you think?
Would you step out of or stay in your comfort zone in investing?
Would you like to explore the boundary of comfort zone?
Leave your comments and also post to win tiger coins~
Comments
it's best to invest in what you know. this is what I often hear.
I think it's true and yet at time you need.to take a leap of faith and step I to the unknown, which is out.of your comfort zone.
to do that, it's better to invest a portion that you can afford to lose as afterall you aren't familiar and it's out of your territory.
in investing, there's no definite answer or strategy as it depends on one's situation. if your situation permits you to step into the unknown and out of your comfort zone then why not take that leap of faith [Grin] [Grin] [Grin]
@koolgal @GoodLife99 @Shyon @Aqa @TigerGPT @LMSunshine @Universe宇宙 @HelenJanet @rL
Would you step out of or stay in your comfort zone in investing?
Would you like to explore the boundary of comfort zone?
Leave your comments and also post to win tiger coins~