this post was submitted on 15 Sep 2023

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What's the most expensive lesson you've learned? (lemmy.ml)

submitted 1 year ago by TheImpressiveX@lemmy.ml to c/asklemmy@lemmy.ml

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[–] funky_rodent@lemmy.blahaj.zone 0 points 1 year ago (2 children)

Not a massive expense. Turned 500 € into 250€. Learned a lesson nonetheless.

I followed the GameStop (GME) hype to late and halfed my money in 4 easy steps. Follow and don't repeat.

invest (feel like robin hood ... hehe)
panic (notice why I shouldn't daytrade and why I was in therapy
withdraw my money at an awesome 2:1 ratio
not fall for internet hype that quicky again and delete my invest account

[–] rip_art_bell@lemmy.world 1 points 1 year ago

VTSAX and chill

[–] Tathas@programming.dev 1 points 1 year ago

There's an old saying that "Time in the market will always beat timing the market."

You just didn't hodl long enough ;)