It's Friday again. I would like to invite you to share your biggest regrets in investing. You will receive Tiger Coins as a prize.Most investors have made mistakes in their careers. It could be that you missed the opportunity to buy shares that you believed in or perhaps you sold them too soon.
It is virtually impossible to make no mistakes. Investing is a process that requires us to make choices, because buying one stock might mean you miss another one. As a result, there may be big wins or spectacular failures.
If you were given the opportunity to change your past, what would you do differently? Do you have any regrets related to investing or the stock market?📢Activity Details
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⏰Activity Duration
- 16th, September - 23th, September
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Comments
Life is too short to live with regrets but to learn from mistakes to be a better investor.
Regret is a bitter pill to swallow but hey if we don't learn from mistakes how can we be world class investors?
My biggest regret is not to seize the opportunity to buy during the heights of Covid 19 pandemic in 2020 when the markets dropped by 30%! It is when Fear and Panic reigned supreme. But that is when the greatest opportunity to buy quality stocks at phenomenal discounts comes knocking.
So now, I am on the alert for the next Black Swan Event and ready to take action when it happens. As Warren Buffett loves to say, Be Greedy when the Market is Fearful!
@TigerEvents @TigerStars @MillionaireTiger
One of my biggest mistakes when I first started investing was based on friend's recommendation instead of doing my own due diligence. Bought some popular stocks like $NIO Inc.(NIO)$ at USD40+ and now it's at almost half the share price.
Another mistake was buying the dip in China stocks, lol it was a never-ending bottomless dip!! Luckily I was decisive and cut loss early.
I guess in life there's alway up and down. Most importantly, you must be responsible for your own actions. Win big = treat your family to good meal, lose big = suck thumb and just move on. Invest responsibly without excessive leverage and don't dream about becoming overnight millionaire! Work hard for your career and business, that's the main way to be wealthy!
Should have stick to my god damned DBS and Big 4 reits [Cry]
A few days later,the price dips and continue to do so for few months after a lot of bad publicity in the media about the company regarding the failure of its Covid pill was published. I told myself that once the price reaches slightly above my cost price, I will sell off all of it. Finally, I managed to sell it off within a month.
I should have hold on to it till date as the current price has skyrocketed & seems to have stabilise. Magically, I don't see any bad news pertaining to the company anymore. My mistake was allowing my fear overpowering me by reading all those 'noises'.
From this experience, it has taught me not to allow the media to influence my investment strategy as it may cause a painful diversion. I need to have my own research and knowledge before investing in a stock as this will ensure no matter what happens, the company stock price will rise as it has good economic moats and sound fundamentals.