My Most Expensive Investing Mistake — and What You Can Learn From It

My Most Expensive Investing Mistake — and What You Can Learn From It

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As a novice investor in 2007, one of the most often touted pieces of investing advice I heard was to “take some of your winnings off the table.” The argument went that if a stock has gone up significantly, you should sell enough stock to cover your original investment, so you’ll be playing with “house money.”

I have since learned that there’s no such thing as “house money” in investing — it’s all mine. I also came to understand that there’s an important distinction between investing and gambling, and while I am an avid investor, I try not to gamble with my future.

https://www.fool.com/investing/2018/08/17/my-most-expensive-investing-mistake-and-what-you-c.aspx

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