Regret a financial decision?
- Thread starter Katrina
- Start date
Masterergy
New Arrival
One time, I invested in a startup that seemed promising but ended up tanking within a year. It felt like a gamble at the time, and looking back, it definitely was. What did I do about it? I took it as a learning experience.
Sometimes it's best to make those bold choices when you're younger. As you get older, you don't want to take too many risks. Did you lose a lot of money?
There's some stock I definitely regret buying, especially after the bottom fell out with the stock market. I'm sure these things will come back as we have more economic stability, but who wants to wait years to get a return on the investment? Especially when the money could be sitting in a high yield savings account collecting FANTASTIC interest right now.
Its great to actually "hold" stock. The issue you're facing is buying stock from the wrong company.
For example, today its the wrong move to invest in ESG companies. Bud Light had the best "long term" viability, but because they fucked up with Dylan. So, now it doesn't have a long staying power. This is not to get political, but I'm just using it as a case study of the kind of company to invest in.
I'll use a different example: Activision and Call of Duty. It WAS the most popular franchise in the world - until they did 2 things: 1 is politically charged, and 2 is technical. In 2020, they updated Modern Warfare (2019 reboot) with BLM massaging, small thing, but its political. There's two different kinds of BLM's, one is the movement itself, the other one is the political group. Activision and companies like it take money from BLM organizations. They didn't stop. They went further with the diversity hires. MAPS promotion (and, no, I'm not explaining that one, it will make your stomach turn), etc. A great example of stupid controversy is when Nickmercs didn't actually say anything controversial. Just "Leave kids alone." What follows is the removal of his skin from Modern Warfare II. ALL of this with SBMM, caused low user retention.
[SBMM is short for Skill-based Matchmaking. Its an algorithm to match players into lobbies.]
Players bought Modern Warfare II, but did not interact with the game which would bring users to the bundle shop. But in their stupidity, they lose money.
Right now is not a great time to invest in Activision for the long haul.
Last edited:
saoussen5765
Reputable
Sometimes it is common that the perspective of new project is wrong from the beginning means you cannot blame yourself every time especially if you establish new business and still learning, what you could blame yourself is an old mistake to redo again in the future.
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