Sometimes it's cheaper to learn from others mistakes instead of your own.
What's your biggest financial mistake (property/stocks/whatever) & how did you deal with it ?
Mine was being overweight in European bank shares (mostly British and Swiss) from 2000 - 2008, for the "safe dividends" . Most of them dropped 80% or went bankrupt, the only relative survivors were HSBC(UK) & Santander(Spain). Anyway I only hold a couple now (HSBC, CS), generally avoid bank stocks, and am more active hedging any financial position these days.
What's your biggest financial mistake (property/stocks/whatever) & how did you deal with it ?
Mine was being overweight in European bank shares (mostly British and Swiss) from 2000 - 2008, for the "safe dividends" . Most of them dropped 80% or went bankrupt, the only relative survivors were HSBC(UK) & Santander(Spain). Anyway I only hold a couple now (HSBC, CS), generally avoid bank stocks, and am more active hedging any financial position these days.