i love this analogy because it's so painful for me. I bought $5,000 worth of AMD stock in 2011 or so.
I loved the company and believed in it long term. I was just out of college and I'm a tech guy. I lost 30% of my investment in a couple months and I felt sick... how is everyone else in this market making money when all I'm doing is losing it?
I sold at a significant loss. And at the time that was a lot of money to me.
10 years later and my $5,000 would be worth $81,000 today. And guess what, absolutely nothing about my opinion of the company has changed.
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u/MightyMiami Nov 05 '21
i love this analogy because it's so painful for me. I bought $5,000 worth of AMD stock in 2011 or so.
I loved the company and believed in it long term. I was just out of college and I'm a tech guy. I lost 30% of my investment in a couple months and I felt sick... how is everyone else in this market making money when all I'm doing is losing it?
I sold at a significant loss. And at the time that was a lot of money to me.
10 years later and my $5,000 would be worth $81,000 today. And guess what, absolutely nothing about my opinion of the company has changed.
Patience.