Dud investments
It is important to accept that the past is over . There is no point selling everything just so you can get rid of all those red numbers reminding you of your mistakes
investors who have suffered some of the heaviest losses in this bear market . “ If you ’ ve bought something as a momentum trade , to gain exposure to an in-vogue market or , as sadly has been the case of late , because someone has tweeted that ‘ it ’ s going to the moon ’, then you have every reason to be fearful ,” he says . “ The props that investors took for granted in a bull market tend to disintegrate in a bear . Meme stocks , NFTs and cryptocurrencies come to mind when making this point .” That said , it is also worth noting that just because a stock has crashed , it doesn ’ t necessarily mean it is a disastrous investment . Perhaps the most obvious example of this is Amazon . It saw its share price fall by 94 % when the dotcom bubble burst , but investors who bought in at its pre-2000 peak , then held on , would have made about 35 times their money had they held on to the point it peaked again last year .
The exception to the rule But Amazon had some luck on its side . It had a capable management
Issue 86 - July 2022 / 9 /