3 Tempting Mistakes to Avoid if There's a New Bull Market in 2023
Bull markets are times of burgeoning opportunity, and with opportunity comes risk that's easier to sweep under the rug than to account for soberly. Especially after a brutal 2022, investors are apt to return to the good times of bull markets past, and that's why the temptation to make ill-advised moves with your money is going to be strong if 2023 sees stock prices shoot upward once again.
The good news is that with a bit of mental preparation today, you can inoculate yourself against making (at least a few) portfolio-harming mistakes if the bull market returns with vigor. Here are three of the juiciest -- and most dangerous -- missteps that are likely to tempt you.
One of the all-time bugbears of investors, young and old, is buying shares of a company on the basis of its short-term price performance rather than its long-term merit, and it's not very surprising why. Look at this chart of Tilray Brands' (NASDAQ: TLRY) shares in early 2021:
Source Fool.com