I have observed that people have a great fascination for the tips they get from others to invest their money. Without investigating the company’s profile, its financials, management, and growth prospects, they just invest their hard-earned money blindly and regret later when the stock price tumbles down heavily.
Ironically, when they buy a smartphone online, they choose to evaluate its specifications closely, compare its prices on other available platforms, take feedback from the ones who are using it already and then buy it with due diligence. Even if they get a tip that Samsung Galaxy is better than Apple iPhone, yet they choose to do their proper homework before taking a buying decision. Shouldn’t they replicate the same behavior while picking stocks as well?