Rick Warner – Be Careful When Investing in Banks

<p><strong>BIO:</strong> Rick Warner is a personal development coach, mentor, and highly respected real estate broker based in California. Rick’s story is one of triumph over adversity.</p><p><strong>STORY:</strong> Rick took his money from well-performing stocks and decided to time the market. After much waiting, he came across the First Republic Bank’s stock, whose share price had fallen from $300 to $30. He bought 700 shares at $29 each. The price kept falling. Rick bought 700 more shares at $13, hoping the price would turn around, but it didn’t. The bank was bought out, and the shares went to zero.</p><p><strong>LEARNING:</strong> Do a lot of research before investing. Banks are very volatile, so you must be careful when investing in them.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“Availing myself to others, reading books, learning stuff, and listening to people like you has been my biggest game changer.”</strong></blockquote><blockquote class="ql-align-center">Rick Warner</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/rick-warner/" rel="noopener noreferrer" target="_blank"><strong>Rick Warner</strong></a> is a personal development coach, mentor, and highly respected real estate broker based in California. Rick’s story is one of triumph over adversity. At 20 years old, he found himself homeless and addicted to drugs. But with the help of a supportive community, he was able to turn his life around. Now, over 30 years later, Rick remains committed to personal growth and helping others achieve success. He has developed the Navigator program, a groundbreaking approach to personal productivity and purposeful living.</p><h2>Worst investment ever</h2><p>Rick had made some pretty good investments in stocks about three years ago. Then he felt things would go sideways, so he took all his money off the table. Rick’s plan was to wait and time when the market was right to reinvest. He waited and waited, but the market kept going up and stayed up, so Rick couldn’t g