Mistakes that newbie investors make and how you can be profitable in the stock market.Photo Credit: Unsplash @byloloIf 2020 wasn\u2019t a wild enough year in the stock market, the beginning of 2021 proved to be 2020\u2019s sister, except with red hair and bangs.Back in February, I had colleagues, friends, and acquaintances reaching out and asking what my plans were regarding purchasing GameStop and AMC stock.\u201cI don\u2019t have any plans,\u201d I responded.They all seemed surprised.\u201cI believe in investing, not gambling\u201d is usually my standard response.I hate to burst anyone\u2019s bubble, but all of the meme stocks (or pump-and-dump stocks) are just speculative, trendy, gambles \u2014 just like Dogecoin in the cryptocurrency world.All of the speculative \u201cinvesting\u201d and \u201ctrying to outperform the market\u201d this past year reminds me of the bet Warren Buffet took a little over a decade ago.Back in 2007, Warren made a bet against hedge-fund manager Ted Seides that the Vanguard S&P 500 index fund would outperform a basket of hedge funds over 10 years.Now, I know the youngsters on Reddit most likely weren\u2019t planning to hold the meme stocks for a decade, but when do you sell the stock? When do you buy it? This is where the water becomes murky.Warren\u2019s bet \u201cfor the market\u201d is one of the most powerful investing lessons, and it\u2019s a shame that we don\u2019t talk about this with young investors.<\/p>","protected":false},"excerpt":{"rendered":"
Mistakes that newbie investors make and how you can be profitable in the stock market.Photo Credit: Unsplash @byloloIf 2020 wasn\u2019t a wild enough year in the [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4825"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=4825"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=4825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=4825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=4825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}