My first investment was in Intel during the middle of the dot-com crash. A very smart professor of mine was adamant about how the $40 stock was undervalued and we should put everything we can afford to lose into the company. Fifteen years later, Intel is still down 25%. However, this was the best thing to happen to me as I gained a passion for investing.
I vowed to never trust anyone, no matter how smart, when it came to investment advice. No more hot stock pick and no one to blame for my losses. As far as I’m concerned, I am the only one who can lose my own money. However, losing money was not in the plan. I discovered the 13 steps from The Motley Fool, studied Warren Buffett, read Peter Lynch, dove head first into 10k’s, and developed and honed an investment strategy that worked for me. Most importantly, I had a lot of fun doing it.