What can the dot-com collapse teach us about modern investing?
In the late 1990s, everyone wanted to participate in the online gold rush. But for many, it ended in disaster when the dot-com bubble burst. Here's what we can learn from that arduous journey to avoid making the same mistakes:
1. Hype does not equal value: Just because something is popular does not mean it is worth investing in. Focus on the actual value of the company, not the hype.
2. Do your research: Always understand a company's business model and profitability before investing.
3. Profit is important: A company must have a clear path to making money. High growth is good, but profits are essential.
4. Be skeptical about big: If it starts rising very quickly or its promises are very great, be skeptical of it. Fast gains often come with high risks.
5. Commit to discipline: Do not let your emotions control your investments. Stick to your plan and avoid making rash decisions based on the excitement prevailing in the market.
â Save the post.. đ
#BTC #BinanceLaunchpoolTON #LowestCPI2021 #MarketDownturn #SahmRule
