I’ve made a number of minor investment errors in 2024, but I’ve also made a big one that really stands out. Worse, I’ve made it repeatedly. Now I want to in 2025.
The biggest errors are often made with the best intentions. Personally, I’ve always been a fan of . That allows me to pick up their shares at a discounted price, and typically grab a higher yield too.
Then all I have to do is be patient, and wait for the company to pick itself up, brush itself down, and crack on. It’s worked well, by and large. I’ve learned a lot from my JD Sports shares But I applied my strategy to trainer and athleisurewear chain ( ), and messed up.
A staggering £1.8bn was wiped off the JD Sports share price on 4 January, after the board issued a profit warning following disappointing Christmas trading. I’d wanted to buy this growth stock for years, so filled my boots on 22 January and thought myself a wise old bird.
But as I’ve learned this year, all too often that first profit warning is merely a smoke signal. Further trouble often lies around the track. It’s been a rough year for JD Sports, as it lurches from one problem to another.
While I couldn’t have foreseen every challenges it would face, I should have been more circumspect. The slump at key trading partner and massive global brand is none of JD’s doing, but it’s still taken a beating as a result. I’m still learning the art of patience The same applies to Labour’s hike to employer’s National Insurance contri.