‘Chickens don’t make money’: fundie

If you ever avoid buying a share because the price has gone up 10% in the past week, then you should stop investing and find another hobby.

That’s the opinion of multiple experts who have warned retail investors about getting distracted about short-term price movements.

“Chickens don’t make money,” Marcus Today director Marcus Padley told his newsletter subscribers.

“If you are the sort of investor who says ‘it’s up 100%, I’ve missed it’, you doom yourself to conservatism… You will never buy a 10-bagger.”

The Motley Fool chief investment officer Scott Phillips said much the same to his newsletter readers this month.

“You reckon the person who bought Woolworths Group Ltd (ASX: WOW) shares at $3, kicking…