A lot of people make the mistake of thinking that as a domainer or let’s say as an investor in general, all you have to do is “be right” or in other words, figure out what will happen. Unfortunately for them, they forgot to take one very important thing into consideration: timing.
Believe it or not, most investors are actually right but they end up losing money because their timing is off.
For example, maybe you bought a future trend domain because you’re convinced the industry will take off but didn’t have the patience/liquidity it takes to wait it out. As a result, you ended up selling the domain at a loss and a few years down the road, guess what? The industry in question might have very well taken off but you no longer own the domain.
In other words, you were right (the industry in question ended up doing well) but lost money because your timing was off.
The same principle is valid when it comes to stocks, real estate and so on.
John Maynard Keynes said that “the market can stay irrational longer than you can stay solvent” and he was right in this specific case, regardless of whether or not you agree with his general philosophy as an economist.
That’s precisely why a lot of people lose money.
They’re “right” because what they think will happen ends up ultimately happening but due to timing-related reasons (they buy too soon, sell too early or both), they lose money.
This principle applies to absolutely everything you can invest in.
Domains, stocks, real estate and so on.
Never make the mistake of thinking that “being right” is all it takes, you couldn’t be more wrong. Pun intended… kind ofAdvertisement: DomainingServers.com lets you host UNLIMITED domains at $0.98/month and we're putting a LIFETIME money back guarantee on the table (if you're not satisfied, we'll issue a full refund). To place an order, click HERE.