To The Moon

The answer is yes, I have made a lot of mistakes over the years. One I'm reminded of very recently comes to mind. I have been mentioning my nephew with stock trading and finance in general. Now let's back up a bit, my nephew is 38 years old... so a spring chicken to me, but not to many. He was never taught about money, had to figure it out as he went along, much like me in the early years of investing.

Buts lets go to the deadly mistakes I made when I started investing 35 odd years ago. Penny dreadful stocks. My nephew is reminding me of this big time. If you have say $1,000 you mite only be able to buy 1 share or two, or three in a company like $Microsoft(MSFT)$  or $Alphabet(GOOG)$ for example. So surely buying a ton of shares in something that's only worth 10 cents is way better? Cause it only has to go up 10 cents and you double your money right? And if you buy 1 share in a company that costs you $1000, it has to go up another $1000 to double your money. Ten cents vs $1000? Makes sense to a newbie. Buy the 10 cent stock

But it's 10 cents for a very good reason, it's about to be zero cents. My point is simple. The price point of a stock is not the way to make an investment decision. I learned that early on. the current price is meaningless, never buy a stock on its price Because it's cheap. Big trap. Only buy a stock that you understand. And understand its future potential and know with confidence that it's cheap now compared to its future value. 

I am the emotional investor, I invest based on incongruities between the nonsense of the market and the reality of fact. I look for a management team that has the knowledge and the ability to make it happen, with a track record of delivering, over talking about it.