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Things people think makes you a good investor but not really

1. “My stocks went up, so I know what im doing”
You could have just gotten lucky, short-term price movements aren’t a solid validation of your picks.

2. “A really rich person has the same position I do”
It doesnt mean that your selection was still the right one, appeals to authority don’t make your investment selection process a good one

3. “I read 4 articles and they agree with me”
Lol okay but what are the actual reasons?

4. “I told you i know what im doing, Im not just a simp”
No one thinks theyre a simp but theyre out there

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MarkPaul · 26-30, M

5. "Everyone else is taking a position so I'm in good company."
Warren Buffet cautions about following the crowd as an investment strategy and often recommends doing the opposite of what the crowd is doing.

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Zaxel · 26-30, M

@MarkPaul yeah i know lol. the stuff youve mentioned are all industries where u need to watch closely , its very intensive. my style, i just like the stuff where you dont have to check in on it super hard, but still get a good return. im pretty lazy on it
electric cars could be technologically ready in 3 years but regulation is the real key concern on whether it can fly. regulation problems could take 5-10 years for all we know.
i see lol, i just prefer to get involved with investments i can hold for hte long term, my time horizon is more like 10-20 years vs like 3-5 year holds.

MarkPaul · 26-30, M

@Zaxel This is about the dumbest thing I have ever heard. "lol"

Zaxel · 26-30, M

@MarkPaul which part? it just seems like our styles are different, ur more focused on 1-5 year holds in growth-heavy segments that require close watches. its a little riskier but the payoff can be good if you get the right picks.

PatKirby · M

How about those who buy stock after (not before) the company goes IPO and it goes sky high.

Zaxel · 26-30, M

@PatKirby obviously geniuses who are onto something that the rest of us cant fathom

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