I thought I would put up a visual aid to further describe the point I was trying to make in this post. Also describes my mindset now in dealing with my health issues.
Here’s some highlights below:
In the last post I got into one of my major mistakes. In this post I will get into some of the specific stocks that I bought when I first started “investing”, why I bought them, what I did wrong, and what I would have done differently, so hopefully you can learn from me and not lose some of your own money.
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When I first started investing actual money my version of research was looking up the specific stocks ratios, seeing how much cash and debt they had, and seeing what people online were thinking about the companies, and the “Vast potential” the company had. That was it.
At that time I did not read any annual reports or quarterly reports. Did not even look at their competitors at all. Took the numbers I found online at face value, without any questioning of the numbers or adjusting them to look more realistic. I did not do any type of valuation or strategic analysis. And I took what the analysts and other random people online were saying about these companies as the factual truth, not just speculation, which is what it was.