The worst investment ideas of 2023
why should I spend time running my business when returns from stocks are far better? Well, if you do find yourself in such a situation, or perhaps asking yourself this question, you should know we are in a pent-up bull market. In fact, it’s at this very moment, just when everything about stocks starts to look perfect, you should start to get anxious about stocks. If you are a seasoned long-term investor, you should be asking yourself–do I have enough cash on hand to jump in if and when the correction comes? On the other hand, if you are a trader or punter the question to ask is–what if things are not perfect after all? How much could I lose? I know this is wishful thinking.
At the end of the day, the market cycle will play out. Few will learn their lesson. But nevertheless, we are not the ones to give up.
So I am going ahead and sharing with you some of the worst ideas I came across in 2023. First, is this whole idea about FIRE. Apparently, it stands for–Financial Independence, Retire Early.
The whole foundation for FIRE, to my mind, is this–you invested a whole lot of money in stocks expecting solid returns over the long term. Luck was on your side and the markets delivered a once-in-a lifetime return, and in double-quick time. So now, you, who was planning to retire in 20-30 years, can retire right away.
What do you do? Well, you FIRE, go on to social media, and start giving all kinds of gyaan. Not that you had any plans for all of this. It just happened.
It was a fluke. And I don’t grudge you that. But if you are FIRE labharthi, and then you go about telling people how to replicate your plan, the foundation of which is a lucky stock market break, well, it’s just bad advice.
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