3 Investing regrets you'll definitely have

 This week’s edition:

• 3 Investing regrets you’ll definitely have

• This Week in Business

• The Big Green Vault

Thank you!

Before we get to it, I officially announced the launch of my first guide: The Busy Beginners' Finance Quickstart this week.
I wrote this for overwhelmed professionals with 1 goal in mind: Turn your Financial Challenges into Clear Priorities in less than 3 hours.

I’d like to thank the 20+ Professionals (many of you are readers of this newsletter) who gave feedback on the initial version.
Your feedback and support are much appreciated.

If you’re interested in grabbing your own copy, it’s still available at the launch price of $10 for the next 7 days before it goes up to $15.
Drop by the shop and give it a try!

3 Investing regrets you’ll definitely have

Here’s the thing about investing:

Unless you’re a Stoic Zen master, you will have regrets.
It’s just the way it goes.
The key is not to let it guide your decisions.
It’s a fine line between feeling something and acting on it.

The first step is to recognize your Triggers and none are as common as the below 3 in fuelling the Regret Monster.

Regret #1: Not buying early enough

“This man turned $1 into $5,000,000 in 3 days  by buying Poopcoin”

“If you had invested $1000 in Nvidia in 2000, you’d be a millionaire”

The fact is these stories reek of Survivorship Bias. For every wild success, there are 1,000 failures.

Or at least, with much less impressive results.

If you are someone who wants to take on Risk, make sure you manage it properly.
We’ve all had friends who tried to take a shortcut to success, invested money they can’t afford to lose in Crypto and lost it all.

What you can do:  There are rational ways to take on Risk in search of higher return (for example: Barbell Strategy)

Regret #2: Selling too soon

“I bought Amazon in 2000… but then it started crashing and I panic-sold. I still hate myself for doing this.”

This same person probably felt relief when they sold. At the time, their decision might have made sense.
They needed the money, they had life responsibilities, whatever.

It’s only in Hindisight that they feel it was the wrong choice.

What you can do: This is easier said than done but: 

1-Don’t invest what you can’t afford to lose. This will help you stay calm under pressure as you won’t be facing life changing loss.

2-Look back on decisions you made based on the facts at the time. Not what you know now. Sometimes the wisest decisions end up having the worst outcomes. That’s life

Regret #3 Selling too late

“I bought Poopcoin at the top. It crashed. I held on… I’m down 99%...”

There is this popular saying that over the long term, stocks go up.

That’s not true. Some stocks never recover to their all time highs.

Or they take decades to do so and you could’ve used the money somewhere else.

What you can do: Same as above.

The truth is, no one has a regret free track record.

There are always opportunities we missed or shouldn’t have bet on.

The key is to not accept it as part of the process, learn from it and put systems in place to keep it in check.

This Week in Business

• The Real World is back in fashion ? For a while it felt like technological breakthroughs are only digital (AI, Social Media, Internet , VR etc).
  But with this week, the real world took center stage: Tech giant are investing in Nuclear energy, SpaceX succesfully catches a rocket with chopsticks and Tesla reveals a robot and an automated taxi.
  Are we finally getting the future we were sold as kids ? (Flying cars, anyone?)

The Big Green Vault

• The Monster of Wall Street: If you haven’t been scammed, it’s probably because the right scammer hasn’t targeted you. This was my takeaway from the insane story of Bernie Madoff.

The information contained in this newsletter is for general informational purposes only. It should not be construed as financial or investment advice. Please consult a qualified financial advisor before making any investment decisions.