"You should have held on to it" is not hindsight, that's typically stock market investment advice. Unless a company's stats have changed to the point where it's now a bad investment, you should hold it and ride out the storm.
"You should have held on to it" is not hindsight, that's typically stock market investment advice. Unless a company's stats have changed to the point where it's now a bad investment, you should hold it and ride out the storm.
You must have missed the part where I didn't sell at the bottom, started a profitable company, liquidated the equities to invest into myself at +60% off lows, and then came out ahead 2.5 years later.
'Oh you should have held' is hindsight advice, it's not real advice. It isn't even really saying anything at all. It's just something you say after you hear someone's story about how they lost money.
> 'Oh you should have held' is hindsight advice, it's not real advice.
I think Warren Buffett would disagree with you.I think at this point you're just trolling me now, so I'll end it with one more point:
If you know anything about Warren Buffett, you'd know his main thesis is to invest in only the things you understand. That's the advice I ultimately followed to end up in a better place.
Holding onto investments that you don't understand is not his advice at all - that's just a shitty platitude.