Investor Lost in Peloton Frenzy Learns Costly Lesson About Research and Discipline
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I invested in Peloton stock early in the pandemic, expecting demand to surge with gyms closing. The stock skyrocketed, causing me to lose discipline and over-invest.
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I got caught up in the hype and potential for quick gains, ignoring warning signs and failing to do proper due diligence.
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I should have assessed risks like changing consumer behavior post-pandemic and Peloton's high valuation relative to fundamentals.
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Getting blinded by short-term gains caused me to overlook long-term risks, a mistake I won't repeat.
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Remain disciplined, avoid chasing temporary gains, and always do thorough due diligence before investing, even during bull markets.