I was washing my hands in the toilet when a man wearing Bermudas approached me. He thanked me for introducing him to an American stock that made him US$50,000 overnight. Now, this threw me. Because I knew that the particular stock had only risen by one point last night. So, how did he make US$50,000 in one night? Then it hit me \u2013 I was thinking too small. If you reverse the math, this gentleman had approximately US$1,000,000 invested in stocks. That’s a strong belief. Naturally, I asked what he planned to do with the stock position. His answer? He had sold it all.<\/p>\n
The investor in me was horrified.<\/strong><\/p>\nI wanted to grab him by the shoulders and say, “Don’t do that!” everything i know about long term investment<\/a> Yelling at me to talk to him. But it was his money. His decision. So, I held my tongue. However, the thing is…<\/div>\n