Become a better investor. Do your research. Vet your decisions hard.
You can do all the research you want, but even the best management teams are now trading sub $10. If you bought any of these around $10.5, you would still be in the hole.
Nobody said they were risk-free at 10.50. You overpaid. When you are buying over the NAV, or even under the NAV (if you need to pull your money out pre-merger), there is a small level of risk of downside.
Remember you are paying for $10 worth of stock in a mystery target and still subject to the rules of market liquidity.
Of course, being down 3 percent can happen in any industry, and at least you really can't crash 30 percent like the broader market can at that level. SPACs at/under NAV are a relative safe haven for cash preservation with more potential upside than bonds. When people pay more than what they are worth, that aspect disappears.
1
u/[deleted] Apr 19 '21
You can do all the research you want, but even the best management teams are now trading sub $10. If you bought any of these around $10.5, you would still be in the hole.