Forum Topics NGMI
Valueinvestor0909
Added 3 months ago

Just read @Strawman's NGMI - What's trending on strawman email - LOVE IT


Follows ‘hot tips’

Your barber, your Uber driver, your cousin at Christmas lunch (all financial geniuses). Trust them with your life savings? NGMI.

Ignores opportunity cost

Holding a dud stock for years because “at least I haven’t lost yet”? Meanwhile, great businesses compound without you. NGMI.

Anchors to past highs

“If it used to be $50 and now it’s $10, it has to go back up.” Sure, and MySpace is about to crush Facebook. NGMI.


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Strawman
Added 3 months ago

Love it @Valueinvestor0909

(Can't believe I didn't think of opportunity cost in particular!)

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Lewis
Added 3 months ago

"If i make 5 more trades I get free brokerage this month" NGMI

"I use stop loss orders to guarantee I never lose money" NGMI

(Self confessions, I've been guilty in the past)

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Strawman
Added 3 months ago

Omg, stop losses! Classic

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pubenvelope
Added 3 months ago

Great edition this week. Gave me strong Peter Lynch vibes. I need to write down a bunch of these and put them somewhere I can be constantly reminded of them. While being hilarious, they are also such a great set of rules to invest by.

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