Here is the one piece of investment advice that has served me well.
Pretty much the only one.
Once my dad is asking about it, everyone has bought in and you are nearing the top.
So… he’s been asking about crypto a lot…— Mark Darrah (@BioMarkDarrah) February 18, 2022
This is mostly good advice. If normies start asking about anything in the financial realm, it’s probably done and over except for the crying.
I followed this advice myself in 2001 when I sold nearly every stock I owned in various internet companies a few months before the major crash because my barber (and others) advised me that I should “get into those internet stocks because they can only go up.” (At that time, I didn’t tell anyone I was making mad money in the market.)
Kept all my cash while many, many others lost all theirs.