“All men’s miseries derive from not being able to sit in a quiet room alone.” ~ Blaise Pascal
One of the many investing mistakes I made during the early part of my investing career was to be rash with cash.
Any extra cash I ever had was immediately invested in the stock market. Cash in bank was considered a wasted opportunity and every chance to “let-me-buy-stocks-now” was grabbed upon.
In the pre-2008 period, I invested a lot of the cash while keeping my eye on stock prices that were rising incessantly.
I see a lot of investors making a similar mistake now.
After getting frustrated by the way stock prices have performed over the past few years, any stock market rise is first disbelieved and then when prices rise further, people jump in so as to not miss out on any further rise.