What was your exit strategy when buying? It may be that you now get 20 different opinions and thus ultimately do not become smarter. Therefore, always ask the following questions at the beginning of the purchase: -What is the fair value of the company? -How long do I want to hold the stock and in which scenario do I have to sell it? -What is the business model and does the company have a competitive advantage over the competition? Understand the company and become aware of the opportunities and risks. My guess is that you haven't asked yourself at least two of these questions. Ultimately, only you can answer your questions.
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@BarstenJr This is less an art than simple rules of investing. What do you do at -10%, what at -20%, etc.? Is the investment thesis still valid or not? If you have studied the company intensively, you can certainly answer these questions. You can only find strong companies if you look at them yourself. And that's where it starts again... what do you mean by "strong companies"? This results from your own analysis and not because a few people say so or because the company is well-known or has many well-known products. That's simply not enough.
The problem is that you only ask such questions if you are too unsure of yourself due to a lack of analysis. I know that sounds a bit harsh and you can certainly learn from these mistakes (which I did, of course). And I don't mean that everyone has to be an expert in balance sheet analysis. You should just be sure of yourself and question yourself regularly.
The problem is that you only ask such questions if you are too unsure of yourself due to a lack of analysis. I know that sounds a bit harsh and you can certainly learn from these mistakes (which I did, of course). And I don't mean that everyone has to be an expert in balance sheet analysis. You should just be sure of yourself and question yourself regularly.
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@BarstenJr I understand your point of view. But you should also take a close look at the well-known companies. This can also backfire there. In that case, I would rather recommend an ETF.
Because even with these companies you have an investment thesis. I am a long-term investor, but if this no longer applies, you have to sell. And the -20% is actually always a good time to think about it or buy more if necessary. As I said... once you have answered certain questions for yourself, you know what to do, regardless of which stock you buy.
Because even with these companies you have an investment thesis. I am a long-term investor, but if this no longer applies, you have to sell. And the -20% is actually always a good time to think about it or buy more if necessary. As I said... once you have answered certain questions for yourself, you know what to do, regardless of which stock you buy.
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