Posted by JD Seller on March 23, 2018 at 17:38:49 from (208.126.189.95):
In Reply to: Stock market posted by 37chief on March 23, 2018 at 12:54:59:
Well You just locked in your loss. If your not going to spend the money in the next few months then you should have left it alone.
The market dropped like a rock in 2008. I had a fair amount of stock. The key was it was at 4 times what I had originally invested. So it went down 25%. It still was worth 75% more than I had invested. I left it alone and in less than 3 years I was right back to where I was at. It has doubled again since then.
So your now in a money market with an effective earnings of zero after you pay any taxes.
Yes yesterday might have been a large drop but it will recover much faster than a zero/low earning money market. You let the news panic you into selling.
Myself I am planning to buy Monday. Several companies that I have shares in had their stock go down. I put in a buy order today and I hope it hits Monday.
I do not care if it is cattle , grain, or stocks, NEVER SELL AT the low!!!!!! You will 90% of the time be better off waiting until all the panic settles down and then making a decision. You will never out guess the market just looking at it one day at a time.
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