A handful of investor famous last words
- The guy in the $3,000 suit on TV telling me to buy a certain stock is probably doing it to improve my family’s financial well-being.
- Things feel good to me……must be a smart time to buy way more than I should.
- I’ll just watch for things to get bad, and then I’ll sell out near the highs.
- Then I’ll simply buy back my stocks when things feel comfortable again.
- I’ll just put all my money in bonds, and assume I won’t run out of money before I die.
- The smartest thing for me is to invest based on what’s going on in Washington DC.
- My plan is to watch the stock market’s movements all day long on my computer.
- This bond I am thinking of buying pays a surprising 9%/year in interest, but it’s a bond so what could go wrong?
- Gold never goes down, so I’ll just put all my money in gold.
- This guy on the TV infomercial at 2 a.m. is starting to make a lot of sense.
Remember: Someone will always be there to sell you the dream, but you get to live the nightmare alone.
The four most dangerous words in investing are ‘This time it's different.’
John Templeton