How should I start spending my money as a 26 years of age without associated know-how? looked like an inquiry on Quora. Below we are printing part of a solution from growth hacker and entrepreneur Rizwan Aseem.
In 2008 I wanted to buy Apple stock.
The rate at that time was close to $90. The cost today mores than $700, that’s before adjusting for the 7:1 stock split as well as dividend.
I read all the reports, ran all the numbers, identified just how much money the company was in fact worth– it looked like a fantastic investment.
Then I check out the news records, economic evaluation by ‘specialists’ and the doom as well as gloom reports that were in the media.
I understood just how Apple was about to go down, that financiers had lost confidence in Apple having the ability to innovate, that their last success the ‘iPod’ was a has-been.
I understood exactly how various other companies were offering Apple a run for their money, shipping more systems of every line of product that Apple had, consuming away Apple’s market share in its core markets, and ruining Apple by selling comparable spec’ed items for half the price.
I read the news.
Thus I did not purchase Apple.
I purchased other areas and also really did not make as much as I could possibly’ve made by buying Apple.
In reality, the worth of my investment would have been $250,000 higher than it is now.
Hindsight is constantly 20/20– this showed me a fantastic lesson.
You have all the knowledge and experience that you need in the world
Also, f– exactly what the assholes claim in the information– do your study and afterwards purchase a business.