How to lose your money and mind with investing

A quick guide:

1. Envy your friend who “told” you he made a lot of money recently in stocks.
2. Start buying stocks without knowing what they mean. You don’t want to miss out on all that sweet returns.
3. Listen to gurus on TV and buying whatever non-sense stock they proclaim to be the next multi-bagger.
4. Witness your portfolio rise by a couple percentage points.
5. Realize you are a genius and start pumping in money in stocks left and right. There are thousands of them!
6. Sell the stocks that have grown by a fraction of a percent and hold on to the stocks that went negative to hell.
7. Buy stocks that everyone else is buying and sell ones that everyone else is selling.
8. When your portfolio goes into red, you panic and exit out of all the positions and take a trip into the mountains with your negative returns thinking that investing is a dangerous thing that isn’t for you.

Photo by Rendy Novantino on Unsplash