Quote:
Originally Posted by captainofiron
Yep,
I think everything I have is red except for 1 name I own in the financials sector...
it feels bad man, haha
But I am pretty confident in the stuff I bought, just everything seems to be dropping, I keep trying to channel my inner GregWeld and say "look at the 5 year chart, look at the dividends" haha
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Trust me ---- everyone does the same thing no matter when they got started. At some point you're going to be dripping red ink. But you actually only LOSE the money if you sell!!! You don't sell --- you collect dividends --- and if you have extra dough - you but and bring your average down. Just don't get greedy.
Think about a guy that bought shares in 1935 --- or 1950 --- or 1986 or 1996! We are far higher today than at any of those points (just random numbers I typed). At each and every one of those points - they were most likely talking about how over valued the market was... or their houses.... or whatever else they'd bought -- like the nickel loaf of bread.
When I was a kid -- McDonalds sold you a burger and a coke --- 25 CENTS for both items! We thought it was ridiculous..... You only got 50 cents for raking old lady Smiths entire yard of fall leaves.