When you take advice from another person, be mindful of the intentions. Also be aware of how many other people are making the same bets.
Do you factor in what others are buying into your own investments?
Herd mentality is very important to human beings. We travel in packs. We gather together. We must do what everyone else does. We simply follow along because if someone else is doing it and having success, then it must be good for me as well. Just like lemmings, we also fall off a cliff at the same time too. The top stocks today seem to be part of everyone’s portfolio.
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Surging Prices, Rates Test Robust Demand in U.S. Housing Market – Bloomberg Quint
Exclusive: 40% in U.S. can’t afford middle-class basics – Axios
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