INVESTING Do's & Dont's
I understand the thrill of collecting—the excitement of finding that one elusive item you’ve been hunting for. However, investing and collecting are two very different animals.
Far too often, when people ask for investment advice, the response they get is, "Buy what you love, and you can’t go wrong." While this might sound comforting, as an investment strategy, it’s some of the worst advice you can get. Yes, sometimes the two can overlap, and that’s when you hit the jackpot. But more often than not, investing requires a different mindset.
When I first began investing, it wasn’t about buying what I loved—it was about researching relentlessly, listening to experts, tracking trends, and understanding the economics of the markets. Investing is much more analytical than emotional, and when I let my personal passions guide my decisions, it only held me back.
What are your thoughts on this, and what do's and don'ts do you follow when it comes to investing???
I completely agree with you, and it can definitely be a constant challenge to invest with your head instead of your heart. I usually find that passion can cloud over my judgement making ability.
I’d also add that no matter what you invest in, diversifying your portfolio can be key to minimising risk and always factor in costs attributed to either buying or selling....be it auction fees, shipping costs etc.
Anyway, that's my 2p's worth.
Quote from Matthew Huskinson on 20 January 2025, 12:52 AMI understand the thrill of collecting—the excitement of finding that one elusive item you’ve been hunting for. However, investing and collecting are two very different animals.
Far too often, when people ask for investment advice, the response they get is, "Buy what you love, and you can’t go wrong." While this might sound comforting, as an investment strategy, it’s some of the worst advice you can get. Yes, sometimes the two can overlap, and that’s when you hit the jackpot. But more often than not, investing requires a different mindset.
When I first began investing, it wasn’t about buying what I loved—it was about researching relentlessly, listening to experts, tracking trends, and understanding the economics of the markets. Investing is much more analytical than emotional, and when I let my personal passions guide my decisions, it only held me back.
What are your thoughts on this, and what do's and don'ts do you follow when it comes to investing???
Totally agree with you investing and collecting are 2 different beasts altogether.
Investing takes more time than something u love as its case of live it buy it 😆
There us some bankers in certain issues always seem to retain value and rise so if you got the cash buy big keys AF 15, FF 1, XMen 1 would be my advice. Then wait
Quote from Adam Glover on 20 January 2025, 3:40 PMI completely agree with you, and it can definitely be a constant challenge to invest with your head instead of your heart. I usually find that passion can cloud over my judgement making ability.
I’d also add that no matter what you invest in, diversifying your portfolio can be key to minimising risk and always factor in costs attributed to either buying or selling....be it auction fees, shipping costs etc.
Anyway, that's my 2p's worth.
Yes diversity is key to survival in this business