The Most Costly Investing Lesson I Ever Learned Also Became the Most Valuable
Tuesday, 9 April 2024, 08:00
The Most Costly Investing Lesson
Sometimes the best thing to do is nothing. The alternative could be expensive.
Beginnings
The author started investing in August 2007 with a few hundred dollars and a belief in the stock market as a path to financial independence.
- Key Lesson: Holding for the long term can maximize gains.
A Costly Lesson
After a growing investment in Netflix, the author sold shares too soon, missing out on significant future gains.
- Mistake: Selling profitable stocks based on short-term thinking.
Learning and Growing
From the costly mistake, the author adopted a strategy of holding winning investments for the long term, which resulted in substantial returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.