Greater risk
you might see someone else put $10,000 into a stock all at once and decide to follow suit.
You're shocked to find out that while it makes up 20% of your portfolio, theirs just has a 2% allocation.
You're taking a great risk.
Investing without understanding is worse
your investment "influencer" knows more about the asset than you do.
When an asset declines 20%, if you don't know why you bought it, you'll panic and sell.
Understand what you're doing with your money.
Please hear me out: the majority of influencers here offer terrible investment advice.
You should get some schooling. Without your own investigation, I wouldn't even want you to use my technique.
Don't assume that someone with a large following must be competent.
Why you should not invest just based on the advice of influencers
Why you should not invest just based on the advice of influencers
Why you should not invest just based on the advice of influencers
Greater risk
you might see someone else put $10,000 into a stock all at once and decide to follow suit.
You're shocked to find out that while it makes up 20% of your portfolio, theirs just has a 2% allocation.
You're taking a great risk.
Investing without understanding is worse
your investment "influencer" knows more about the asset than you do.
When an asset declines 20%, if you don't know why you bought it, you'll panic and sell.
Understand what you're doing with your money.
Please hear me out: the majority of influencers here offer terrible investment advice.
You should get some schooling. Without your own investigation, I wouldn't even want you to use my technique.
Don't assume that someone with a large following must be competent.