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A comment on Every thought about personal finance I've ever had, as concisely as possible. Parent comment

Re:Every thought about personal finance I've ever had, as co... by dumbfounder on Saturday February 27, 2021 @06:54AM (#26284266)
A. They are young, that makes all the difference in the world. You should take more risk when you are younger.

B. You don’t immediately sell your risk bets when they start making you money, it completely mitigates your upside. Knowing when to say when is hard, but the general philosophy of removing the risk bets when they are making money is a bad one methinks.

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Re:Every thought about personal finance I've ever had, as co... by jonfromsf on Saturday February 27, 2021 @07:39AM (#26284474)
Sell half once it doubles. Then you can tell yourself you're playing with the houses money and you never sell unless you realize it's a bad investment.
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Re:Every thought about personal finance I've ever had, as co... by dumbfounder on Saturday February 27, 2021 @12:10PM (#26286214)
The only bad rules are ones you never break.
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