Yeah, stocks are going down. Holy Cow! this has been a rotten month so far, at least for me. My market value has dropped over 500 dollars. That may not sound like much but really its almost 35%.
I heard someone say that investing takes a strong stomach more than a strong brain. I get it now. Sometimes you want to just say “screw it!” and bail out. But on the other hand, you have to remember that when the value goes down, you only lose money if you sell.
There are hundreds of stories about the person that sold out when things looked bad, and then missed it when the stock rebounded and tripled.
I am a strong believer in holding on when things look bad, and I may have held on too long to some. Point in case, I bought Walgreen Stock, and it went down a week later. Then it stayed down for months and months and then got bought by a private company. They paid me for the stock at the low price, so I didn’t lose it all, but I lost. I could have sworn that the stock would rebound, but it never got the chance.
I have another one right now, that I paid in something like 250 and now it’s down to 40. If I sell now, I only regain a very small portion, so I am just holding on to see how it works out. You never know!
