There is a version of cautious investing that feels responsible.
You watch the headlines get worse
You see the market drop. You tell yourself you will get back in when things settle down. It feels like discipline.
It feels like you are protecting yourself. Jim Cramer says it is one of the most expensive decisions a retail investor can make. The “Mad Money” host went on CNBC on August 4 to make a case that the mistake most investors think is protecting them is actually the thing costing them the most money over time.