Just For Thinking ....
Following someone investing idea? (2)
Seriously. Don't Average Down! It may cause you sleepless nights. What for.
Buying = What + When + How MUCH
Again. At investing forums, cboxes, and blogs, you saw so many people keep buying the same stock that you have already own quite a bit at higher price. Then you cannot "tahan" and thinking that now it is the right time (When) to buy more to average it down since many people are now buying.
But, don't forget. HOW MUCH is also an important part in the buying equation. You can Average In (buy slowly); but seriously, don't average down just because it is getting cheaper and seeing your favourite cyberbuddies are buying too.
Investing in stocks is a lot like lending your friend money - Note: This article is a collaboration between The Good Investors and The Woke Salaryman. It was written by me and edited by He Ruiming. An earlier version ...
1 hour ago