This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Hi bro8888,
ReplyDeleteI think some people have to learn the lessons about averaging down themselves. I'll never do that again, not without looking at my total allocation for my portfolio for that particular stock!
Unfortunately human beings don't think in absolute dollars. We think in relative dollars and behave as if not all dollars are created equal. By assigning relative values to different moneys we run the risk of being too quick to spend, too slow to save, or too conservative when we invest—all of which can cost us in the short or long run.
ReplyDeleteBut then all money is really the same!
Agreed! We invest to increase our wealth.
ReplyDeleteHence the capital gain is our wealth, not FOC money.