I hardly ever post on weekends, but I was reading this forum thread today and I almost vomited in my own mouth while struggling not to throw my computer out the window.
Read this forum thread: What should I invest in?
LISTEN VERY CLOSELY PLEASE. JUST BECAUSE SOME PEOPLE ON THE INTERNET TOLD YOU TO INVEST IN A “HOT” SECTOR LIKE ENERGY DOES NOT MEAN IT’S RIGHT. IT MEANS THEY WATCH TOO MUCH TV.
JUST BECAUSE PEOPLE TELL YOU TO HOLD YOUR MONEY IN CASH DOES NOT MEAN THEY’RE RIGHT. IT MEANS THEY ARE SCARED AND IRRATIONAL AND DON’T UNDERSTAND HOW INVESTING, COMPOUND GROWTH, AND DIVERSIFICATION WORK OVER THE LONG TERM.
ALSO, HAVE THESE PEOPLE EVER READ A BOOK? HAVE THEY EVER HEARD OF “ASSET ALLOCATION” (WHICH IS RESPONSIBLE FOR 90%+ OF YOUR RETURNS)?
OF COURSE NOT! IT’S EASIER TO JUST POST WHATEVER SEEMS TO BE A “GREAT INVESTMENT OPPORTUNITY.” KILL ME NOW.
I’m saving that forum thread in my bookmarks of stupid things.