If you get a windfall of cash or happen to fall into some money unexpectedly, it might be tempting to spend that on something you normally wouldn't -- like a high-risk investment. After all, if you lose the money, you are no worse off than you were before, and if you guess right, the payoff could be significant. But there is an opportunity cost with every decision. Even if you can afford to lose the money, you could miss out on better opportunities.
And that's why even if someone gave me free money to invest, I still wouldn't squander it on risky stocks like Ocugen (NASDAQ: OCGN) or TAL Education (NYSE: TAL) . These stocks have already generated significant losses for investors this year and are simply bad buys right now.
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For further details see:
2 Ultra-Risky Stocks I Wouldn't Buy With Free Money