Re:Ask HN: How to deal with financial regret of what could h...
by deanmoriarty on Saturday February 06, 2021 @06:31AM
(#26045869)
The strict rule I adopted for myself is: when you buy something, you won’t be able to sell more than 50% of the position for 10 years.
This makes me rather conservative, and I mostly end up buying VTSAX.
I have Bitcoin that I bought in 2014, and sold 50% of my position in the bull run of 2017. I cannot sell any until 2024, even if I’d probably benefit by selling some now :-)
Sticking to this rule helps minimizing regret. Obviously it won’t completely catch investing in AAPL early etc.
This makes me rather conservative, and I mostly end up buying VTSAX.
I have Bitcoin that I bought in 2014, and sold 50% of my position in the bull run of 2017. I cannot sell any until 2024, even if I’d probably benefit by selling some now :-)
Sticking to this rule helps minimizing regret. Obviously it won’t completely catch investing in AAPL early etc.