With the recent and growing hype around Nvidia it's OK to acknowledge that you may have missed an opportunity to buy it earlier. The question is, is it too late to buy or even too late to add more to your current position?
Regret over missed opportunities is one of the byproducts of investing in the stock market. No matter how smart you are, no matter how much you watch the market, read blogs, listen to podcasts, and follow the gurus. You are going to have missed opportunities when it comes to the stock market, and ironically some of the opportunities you miss will be the easiest opportunities to capture given the size of the gain.
When a stock like Nvidia gets going and runs away from you, it's easy to lock in and tell yourself you're going to wait for an opportunity to buy it when it gets lower. But experienced investors know that's not what you're going to do when a stock like in Nvidia finally gets cheaper. What most likely happens is investors wonder if it's ever going to go back up. Also, it never really gets cheap enough in the eyes of an investor, particularly a stock like Nvidia. If it doesn't split, then cheaper from here will be 50% off. That would put the stock back at $400. Who is excited about buying a stock at $400?
Here are three things you can do if you think it's too late to buy Nvidia or any stock opportunities you think you've missed.
Backtest High-Growth Stocks:
Backtesting involves analyzing historical data to evaluate how a particular investment strategy would have performed in the past. It’s a valuable tool to assess the impact of adding high-growth stocks like Nvidia to your portfolio.
If you’re unsure how to backtest, seeking guidance or using online tools can be helpful. Remember that past performance doesn’t guarantee future results, but it provides valuable insights.
Try to Be Correct not Perfect:
Owning a stock like Microsoft during significant milestones (such as Windows 95) is more important than trying to time the perfect entry point.
Perfectionism can lead to missed opportunities. Sometimes, being correct (making informed decisions) outweighs waiting for the perfect moment.
Forgive Missed Opportunities:
Regret is natural, but it’s essential to forgive yourself for not catching every opportunity. The stock market is dynamic, and even experienced investors miss out sometimes.
Stay vigilant and continue seeking new opportunities. There’s always potential for growth and exciting prospects beyond what you’ve missed.
Remember, investing is a journey, and learning from both successes and missed chances contributes to your overall experience. Keep an eye out for promising opportunities and stay informed!
If you want a more personal touch i.e. you don't want to do this yourself feel free to give me a call or email.
Maurice Wilson
704.327.3189