The Lucid Stock Turnaround Story: From High-Priced Hype to Undervalued
Opportunity?
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The outlook of Lucid stock has improved, partly because the valuation of
LCID shares has declined meaningfully over the last year. Read More
29 minutes ago
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.