|
It's agreat plus to learn early. Whether you earn or lose in the first year also depends greatly on the stock market move on this year.
I started in 1997 and did great the first year until i got hosed in the 1998 russian crisis, then 2 years later in the tech bubble. Had I started in 1998 in the midst of the russo-asian crash, I would have made my first teps in an hostile environement and would have been nuch nore cautious.
I thought I was a genius because I made over 100% unrealized gains on high tech stocks until the bubble burst and I didn't believe it was a bubble so I lost all my gains and much more.
If someone starts investing in a good year he will thing he's a champion or something and will be burnt hard in the first market correction.
You realy learn when you lose. It's when you lose that you try to understand why you lost, and start to learn deeper.
When you win, you thing you just picked the right stock out of good intuitive chart reading and fail to analyse the true reasons.
|