It is often said that we should invest within our circle of competance, but how strict should we be?
Example: I have thought of buying NVDA, but then I realize: I know nothing about chips.
How much does one need to know? Is it simply enough to now which chip I like playing games on? Which website I like to shop at? Which products I like? What interests me?
Of course, we don't have to be scientists to buy healthcare stocks.
So, how do you define your circle of competance? How strict are you?
Any anecdotes from those who strayed from their circle of competance and what you learned?
Submitted December 12, 2018 at 07:37AM by WeeWillieWinkieHODLr https://ift.tt/2SG6G64
