Question by mvacation1: What is the best success you had in investing? What are you method to invest?
I am interested in finding out what types of investing people do and the greatest success they had over a period of time. I am not interested in someone trying to sell me a product. Also, I am interested in finding out any failure they may have had in investing.
Answer by qu1ck80
I’ll tell you about some of my failures, you’ll certainly learn more from them!
When trying to pick the bottom of a stock that’s fallen a lot, don’t buy your whole position at once! I did that when I bought Kohl’s, KSS, at $ 60, and then it proceded to drop past $ 50. I eventually sold it around $ 49 I think, when in fact I should have been starting to buy some more around there. The point is you never know how low a stock price can go, so it’s best to not to put all your money in all at once, because your timing might be wrong.
What do you think? Answer below!