A Lesson From an Idiotic Investor, Me.

Dabbl

I made one of the biggest mistakes that any amateur investor will tell you that is completely stupid. In the time of this quarantine, the stock market is lower than it’s ever been in my recollection. And I wanted to make some money off all of these stocks that are on sale. I figured I’d do so since I’ve built up a good amount of money in my bank account. About a week ago I invested in a stock knowing the market is on average 30% lower than its peak. In other words, I knew that the market may not have reached its bottom just yet, but in the long haul it will go up to where it recently was before the Coronavirus. I knew even if it went down for a few days, that if I held onto it, then eventually I would be making some serious dough when…

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