I’ve often said that my one big stock tip is don’t invest in stocks. There’s too much volatility, too much risk, and not enough gain.
We often say that if we had only invested in Apple in 1995, or Amazon in 1997, or Google in 2204, then we’d be rich beyond our wildest dreams.
Right, and if we had Gray’s Sports Almanac like Biff did in Back to The Future 2, we’d be filthy rich too.
But here’s the thing: we didn’t. Just like how the Next Big Thing is flying right under our radar right now, and we’re not going invest in it. By the time we hear about it, the party has likely ended.
Even still, you might think that you understand where things are heading, so you might be tempted to invest in that direction.
Don’t. (Unless you’re a professional, in which case, you probably don’t need to be reading this site.)
Here’s a cautionary tale of hubris.