Business
‘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…
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