My biggest investing mistakes as a 21 year old 💸📉

I've made many mistakes in my early days of investing, costing me enough money to buy the latest iphone 16 pro max😔 but don't worry guys, I'm gonna save y'all from the same mistakes i made.

1️⃣𝗙𝗢𝗠𝗢 𝗮𝗻𝗱 𝗯𝗹𝗶𝗻𝗱𝗹𝘆 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗵𝘆𝗽𝗲

Back in 2021, most of the stocks and cryptos prices skyrocketed after COVID. We all thought we were going to be millionaires holding our meme coins and shitty stocks to the moon 🌙 🚀. I bought into this overhyped high growth ETF called ARKG thinking that it will revolutionise the future. Everyone and their mum's were talking about it and it was showing all over the finance news but little did i know that i bought it at the high when its too late. I basically FOMO'd and just followed the hype without even doing any research and bought it when it was severely overvalued. Same thing with TSLA, everyone including my cat was asking me to buy it, making the stock very overvalued...fast forward a few years, the stock price is going down - far from it's all time highs 📉

2️⃣𝗡𝗼𝘁 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘄𝗵𝗮𝘁 𝗜'𝗺 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻

Continueing from my ARKG story, i didn't know wtf ARKG was. All i knew was that it was the 'future blah blah blah' and that was my mistake. Just like in real life, you should know what and why you're buying certain things so you don't waste your money.

3️⃣𝗠𝗮𝗸𝗶𝗻𝗴 𝗲𝗺𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀

2021 was my villain arc fr. Back then, I bought META for 300+. It was undervalued and fundementally strong based on its financial statements. Then in 2022, it got hit with some temporary bad news which made a lot of investors over-react and panic sell (i was one of them 🤡). The stock tumbled down all the way to $99 and my dumb ahh panic sold some of my shares on the way down despite the business' good fundementals. The stock then rebounded to close to $600 within a few years. Thankfully i learnt from my mistakes and loaded up more at the bottom and now im sitting on profit💰 But if i held on to all my shares, i would've made more money 😭. This goes to show that a stock's price will always follow the underlying business performance and earnings in the long run and not based on short term bad news. Understanding a company's fundementals will help you remain calm in situations like this. Instead, you will be aware that everyone is over-reacting and you'll buy more shares at the bottom making you richer when it rebounds📈

Hope you guys enjoy this content. Do NOT make the same mistakes as me or else 😤🥊

#mindfulspending #realtalk #mylemon8diary #moneytips #adultingwoes