Image Credit: thelastminute
I should have known better. Actually, I did know better but it just sounded too good to be true. You know what they say, if something sounds too good to be true, it probably is. I overheard a couple of people talking about a hot stock in the elevator at work the other day.
As soon as I got off the elevator and made it back to my desk, I did a quick search on the stock. The numbers looked pretty good and the stock was actually up over $3 for the day. I immediately dropped about a grand and picked up about 43 shares.
If I'd only done a little more research and waited a little while, I wouldn't be down over $100 today. I think the stock will rebound but I still wish I'd done a little more research. I'm really bad about making quick decisions without thinking about it.
Don't make your investments based on someone else's recommendation. Do your own research! Not only might you get a bad tip; your investment goals may be totally different.
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