Quote:
Originally Posted by 96z28ss
Things are too scary for me I'm selling everything tomorrow!!
Using the money to build my underground bunker.
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Classic buy high and sell low strategy!! LOL
I know you're kidding - or - I certainly hope you're kidding.
This kind of market is EXACTLY WHY I push the DIVIDEND INVESTING theory! You get paid (or the dividend buys more shares) to hold thru bad markets.
I just posted that I was on a 6 day - very rugged - rafting/camping/kayaking trip in the wilderness..... and what happened while I was completely out of touch? The market had some nasty selloff.... but more importantly three companies deposited over $30,000 in my account (dividends). APU paid me $11,960.00 -- ETP paid me $15,525.00 and KMI paid me $7350.00
THAT is why I urge you to build a base of great DIVIDEND paying companies!!! Did I have losses in the face value of my shares? Sure! But I'm not selling so the value this moment means little to nothing to me. They're MAKING ME MONEY every quarter.