3 Stocks That Could Lose You a Lot of Money

3 Stocks That Could Lose You a Lot of Money

It can be tempting to bet on an underdog. A stock that has already tumbled, dragged down by unrelenting pessimism, may reach a point where it doesn't seem it can possibly go any lower. But investors need to be careful. A bad company doesn't transform into a good company very often.

Avoiding big mistakes is a critical component of successful long-term investing. If you want to save yourself a lot of money, I'd suggest steering clear of Blue Apron (NYSE: APRN), Snap Inc. (NYSE: SNAP), and J.C. Penney (NYSE: JCP).

Image source: Getty Images.

Continue reading

Source: Fool.com