think like a businessman rather than an investor
i used to be an entrepreneur, there is so much overhead and cost of goods involved, investing is so much simpler just riding on other's business. whenever there is a drop in price from invested price, i would treat it as overhead and cost of goods. thinking this way you can reap the rip and sip the dip.
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LeahJude : Good point. I think we should all think about it more like that
Johnnie Worker : Are u a business man boss?
merusonOP Johnnie Worker: used to be, now I'm retired. FIRE
Johnnie Worker merusonOP: U could be a great investor then
whqqq : Yes, I agree with you. Entrepreneurs need to manage enterprises, and investors can choose good enterprises. In this sense, it is much simpler
merusonOP Johnnie Worker: merci beaucoup
FattAgain69 : If it is a normal drop in price during a normal fluctuation period, buying the lower price is good. However, if you are experiencing a drop similar to that of the internet bubble burst, you might bleed yourself to death with that practice before any sign of recovery showing.
merusonOP FattAgain69: indeed, that's why it is important to not dollar cost average but to buy shares equivalent to the amount of loss incurred for every 10% drop. if the down trend is obvious, it would be better to 'short' with own shares so this short never has to be covered.