Portfolio Return as of 05/27/22:
2020: 25.65%
2021: 29.15%
YTD: 8.65%

Friday, July 23, 2021

Peter Lynch: 10 Investing Myths

  1. It can't go any lower (it can go a lot lower)
  2. How high can it go? (it can go a lot higher)
  3. They Always Come Back (No they don't)
  4. How much can I lose? If your neighbor invests $10,000 at $50 and you invest $25,000 at $3 and it goes to $0, who loses the most? Surprisingly, many investors can't answer this correctly, says Lynch. 
  5. It's always darkest before the dawn. Don't think the business can't get worse.
  6. I will sell after the rebound, after the stock gets back to what I paid for it. (Note: the stock doesn't know you own it.)
  7. I own conservative stocks (I don't have to worry).
  8. I lost money by not buying. (You actually didn't lose anything)
  9. Stock is up, I must be right. Stock is down, I must be wrong.
  10. Avoid long shots. They don't work.



No comments:

Post a Comment

Thanks for the comment. Will get back to you as soon as convenient, if necessary.

World Bank: Green Energy to be Disruptive to Mineral Markets

The untold story about “green energy” is that it can’t possibly be scaled up to provide anywhere near the energy to replace fossil fuels. (U...