Critical mistakes I made which ate into my returns- Please do not commit these mistakes
Hi readers, Today I am going to share on what are the big mistakes which I have made through my stock investing journey thus far and how you can avoid making these mistakes. These mistakes may sound stupid but they have really eroded into my returns. 1. Investing into unproven businesses 2020 was the year of SPACs ( special purpose acquisition company) whereby these shell companies take a private company public without actually going through the normal traditional IPO process. In the prospectus, we often see crazy revenue projections for many years to come. Many of us retail investors, believing the hype, jump into the SPAC without waiting for a few quarters of earnings to verify if they are able to meet these revenue projections. Coupled with many youtubers, twitter accounts hyping up the stocks, many retail investors got burnt badly by jumping into the stock. I was one of the retail investors who jumped into some of the SPACs, without waiting for the earnings and got burnt. Defini