In those places of our lives there are pills available to help the up and down.
Wish the stock market had some of those pills. At least then I would know it could stay up longer than a few minutes. LOL
The stock market is taking a BIG hit and stocks here and abroad are plunging. I just wonder how it impact this hobby?
Personal losses are pretty substantial, but as Warren Buffet once said: It's only paper.
You might as well ride it out. It will come back. I rely on my investments solely for my income, no pensions to speak of, so am being careful right no
5 years from now, if you are holding you will be most grateful and handsomely rewarded. I plan on working awhile so I do not need to draw from my brokerage account. Remember, you only lose in this type of market whe you sell.
In 2008-2010, I doubled down when everyone else was bailing. 3X return on my investments since March 2009. This is a great opportunity to buy stock now. I would but I have invested $$$$$$ in renovating my house this year.
Yes.. I started a thread on the over 60 board.. Of course, some chimed in to tell us how successful they are.. and how they have the magic formula for the market.. who cares...
My stuff is in an index fund but is down about $20,000 in the last week.. so yes it does give me pause.. Luckily that fund is not a critical piece of my retirement plan.. it's nice but sort of extra and I have been using it for hobby funds because it is off the radar of my SO.. so yes.. time to chill for a while.. Providers might plan on a slow down for a bit..