Oh boy, there’s no shortage of investment mistakes. Let’s start with probably the biggest and oldest: the delay in starting to invest.
In the winter of 2008-09 during the financial crisis, I got excited about investing and was looking with a friend at how cheap companies were on the stock exchange (at that time, for example, Fiskars’ market cap was less than the value of the Wärtsilä shares it owned back then). If I remember correctly, I would have had about 20,000 euros in investment capital at that time.
Well, I decided to go for it and open an account at Nordnet. However, it took several weeks back then; I had to get a couple of friends to sign a printed application as witnesses and other silly nonsense, so stock prices managed to rise about 20 percent from the bottom in January before I got the account open.
I was pissed off and ended up not transferring money to the account because I didn’t want to pay a “premium” for the companies. I finally opened a new account at Nordnet in 2017, and I don’t even want to think about how much that ancient Nordnet mess eventually cost me (from 2012-2015, I pushed the maximum amounts into an ASP account).