Today I made an impulsive investing purchase on the stock market, but rather than focusing on that action I want to discuss my thought process behind it. With most decisions, especially those centred around money, it involves a risk. Hence, the reason I decided to buy this particular stock is that, whether it is now, or 6 months in the future, there will always be a chance of losing my money. One could argue that in 6 months I would be more knowledgable about investing and I should wait, however, the risk remains so I decided that I could learn from this experience. Whether it produces a favourable result or not, it will definitely result in a lesson I can take and apply in the future. These were the thoughts that were running through my head before I clicked the confirm button and I look forward to what the outcome will be.
Yeah, it’s good to discuss your thought process behind your decisions. While this may have been an impulsive decision, at least you can learn from the experience! ?