60$ Party, page-134

As someone with absolutely no skin in the game, and as someone who is just old enough to remember the dot-com bubble of the late 90's (and subsequent crash) this particular thread is starting to sound eerily familiar.

In the dotcom bubble/crash everyone was smart until they weren't. Everyone was rich until they weren't. I knew people who lost their life savings, older people close to retirement who had to work for another 20 years.

I'm not trying to tell you whether to invest or not invest, that's up to you and I know no more than anyone else about where the share price is going... but I feel like there are a few newbies in the sharemarket game who are investing in Afterpay at the moment so please read the following for your own sake....

Don't risk more than you can handle losing.

In the words of Kenny Rogers "You never count your money when you're sitting at the table.". You're only rich in paper until you sell.

Don't invest because of FOMO. Invest because you believe in the quality and fundamentals of the company. You will never buy at the bottom, you will never sell at the top.

And don't play this like a casino. If it wasn't a good buy at $20, it's not a good buy at $50. When the share price goes up, it's not "hot". It means that the company is at less of a discount than it was before it went up. When it goes down, don't panic sell. If you truly believe in the quality of the company, then you will see it as a buying opportunity.