Always remember that one's "investment" isn't based on the value of the item, but what YOU bought it for and what YOU sell it for. If you overpay for a item that goes up in book value you can lose money, and if you get a steal on an item that is flat in value you can make money.
A common investing mistake is picking what is a good investment then overpaying for it.
Last edited by drcy; 08-17-2017 at 12:18 PM.
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