If you heard that your favorite store just lowered all of their prices by 5%, you would obviously be excited and go there to buy things on sale. But for some reason that mindset usually leaves people when it comes to stocks. People are afraid to buy stocks that are “on sale”, but love buying stocks that just “raised their prices”.
Mark Matson, founder and CEO of Matson Money, just recently went on CNBC to discuss this topic, and a few other important investing principles. You would think the people he is discussing this with would understand basic principles like buy low and sell high, but apparently not.
Check out the 2 minute video by clicking on this link. http://markmatson.tv/fist-fight-on-cnbc/
By Jimmy Hancock
- Fist Fight on CNBC. Perf. Mark Matson. CNBC, 2 May 2017. Web. 3 May 2017.