Fun-Friday: Common Investment Mistake
Many investors make this common mistake. If they sold a share, and it turns out they had sold too early, they like to wait for the shares to come back to their sell price before repurchasing.
The flip side is even more dangerous. Many investors make the mistake of investing in the wrong company, and then wait for the shares to come back to break even before they get out.
Do you know, that the stock market does not know, nor does it care, what price you purchased or sold a stock at? Therefore, the PRICE you paid, should be irrelevant to your investment decision.
How do you make your buy/sell decisions?