The lesson I took from that is that it's often the things we DON'T worry about, whether in investing or in life, that clobber us.
I’m moderately literate in stocks, but I had to look up carry trade.
“A carry trade is a trading strategy where an investor borrows at a low-interest rate and reinvests in an asset or currency with a higher rate of return1. Essentially, it involves profiting from the interest rate differential between two currencies or financial products. For example, someone might borrow in a low-interest rate currency and invest in assets denominated in a higher-interest rate currency. However, carry trades come with risks, including currency fluctuations and potential losses1. It’s a strategy best suited for sophisticated investors with a high risk tolerance1. 🌟”
I got out of the stock market just before the dot com bust. Ever since, I just see it as gambling. People invest way too much money in companies and cryptocurrency that don’t have any actual intrinsic value “right now”. It’s gambling.
Sure, stocks have always been a form of “gambling”, but there were fundamentals you could watch and drastically remove risk and, of course, to some degree, rewards. But now it’s pretty much just gambling.
Right, it isn’t the road less traveled, it is the road you never saw that gives problems and regrets.