Would you stay or step out of your comfort zone in investing?

Tiger_comments
06-05
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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~

Would You Step Out of Your Comfort Zone in Investing?
We often hear a theory about stepping out of our comfort zones. Do you do this when investing?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    06-05
    icycrystal

    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~

    • icycrystal: 

      @TigerGPT

      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?

  • FrankieRed
    06-09
    FrankieRed
    I had been investing in quite a lot of shares outside my comfort zone like $AMC Entertainment(AMC)$ $Sea Ltd(SE)$ $Genius Group Limited(GNS)$ $VinFast Auto(VFS)$ $Plug Power(PLUG)$ . Anyway, I still believe in no risk no gain. As long you can afford to lose those money, no harm to try a higher risk to invest to those shares.
  • Aqa
    06-06
    Aqa
    [Happy][Happy] Invest in both in and out of comfort zone. The heart of investing lies in striking a balance between risk and reward. Investments with higher returns hardly come with no risk. These are new opportunities include both cutting-edge industries and revolutionary technologies. Diversification is an effective strategy for embracing growth while controlling risk exposure. It is best to build a diversified portfolio across several asset classes, industries and geographical areas.
  • eziwonpillie
    06-05
    eziwonpillie
    Stay in comfort zone, may participate in swing trade in unfamiliar industries, but only in small lots, with clear boundaries and expectations set in case of loss.
  • Pilates
    06-05
    Pilates
    Stay in comfort zone but pick up other trading skills like TA and Options. Do not FOMO as FOMO makes u eager to prone to irrational decisions
  • highhand
    06-05
    highhand
    stay in comfort zone. invest only in what you understand... if want to try out something new... need to allocate properly and not go all in.
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