I will start.
1. I sank 80% of my net worth into stocks in May 2019, and sold when they bottomed in March 2020, 2 or 3 days before the Fed rolled out QE. Then I bought options with the remaining money I had left, and lost everything.
Lesson: read about the financial products you are buying, about the psychology of investing, and learn how the economy works, the relationship between central banks, governments, stock markets, and the value of currencies. Don't get financial advice from...
Read more
1. I sank 80% of my net worth into stocks in May 2019, and sold when they bottomed in March 2020, 2 or 3 days before the Fed rolled out QE. Then I bought options with the remaining money I had left, and lost everything.
Lesson: read about the financial products you are buying, about the psychology of investing, and learn how the economy works, the relationship between central banks, governments, stock markets, and the value of currencies. Don't get financial advice from...
Read more
from What Are the Dumbest Financial Decisions You Have Ever Made?
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