Friday, June 19, 2009

Top Investing Mistakes - Investing Against the Trend

Top Investing Mistakes - Investing Against the Trend
One of the biggest mistakes I've made that led to big losses is betting against the trend. When I first started investing before this whole crash happened, the market was trending up, and I was successful with it. Stocks were going up, mutual funds were going up, and IPOs almost seemed invulnerable. I remember investing in Visa (V) when it first launched in March of 2008 and watching the stock sky rocket almost every day. I felt like I would never see a red and that this was my ultimate solution to early retirement.