Quote:
Originally Posted by billscamaros
I bought some Nike and McDonalds stock out of my IRA cash. As Greg had mentioned in one post, the stock price immediately dipped into the red and I thought "crap ...... now I've made Greg loose millions!!" But after a day or so, it was back into the positive numbers. (Why does that initial price dip happen??)
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There is a little man on the floor of the stock exchange -- the minute you BUY -- he yells at his buddies.... "Bill's in, TAKE 'ER DOWN!"..... and the minute AFTER you SELL -- he yells "Bills out, TAKE 'ER UP!"
Actually --- the down days are to test your faith in what you just "invested" in. When that happens -- go to the "alter of the chart" and refresh your brain by looking at that stellar growth and dividend and see WHY YOU BUY....
If you just gambled and bought something without having done the research... and you never had any faith... then you sold your sole (your shoe sole not your soul) to the devil and he'll eat you alive... and you'll sell at a loss. A few of those and you're out and you've failed. (Just having fun here with the alter and devil stuff).
