Many great investors started their financial journeys quite early.
For example, Warren Buffett bought his first stock at 11 years old.
He purchases six shares of Cities Service preferred stock—three shares for himself, three for his sister, Doris—at a cost of $38 per share.
The company falls to $27 but shortly climbs back to $40. Warren and Doris sell their stock. While he did not lose money, he did miss the opportunity to earn more.
The company’s stock soon tripled after Buffett sold his stock, and he regrated his decision deeply.
That painful experience made him realize that investment has to be a long-term thing. You need to have patience.
Similar to Buffett. Ray Dalio started his stock trading journey at 12. But instead of losing an opportunity, Dalio got big returns. So how did he do it? In this short video, Dalio talks about that experience.
Source: Finance Jane.
