Investing 102

[SSLance]

I don't know about everyone else, but the market activity the last two months has been a great learning experience for me. In years past, when I had a Financial Advisor that set my portfolio up for me and didn't really understand the objective, watching my net asset value plummet like it has a couple of times recently used to set me off the edge and make me lose sleep. I'll admit to being guilty of asking him to pull at at times like these, sometimes he'd talk me out, other times he wouldn't.

This time around, after watching the investments that I personally chose (and knowing WHY I chose them) dip in value...my first thought was to pick up more of them while on sale instead of running for the hills. I've been reaping the rewards of those actions the past few weeks now.

Nobody can tell where Mr Market is going to go from here on out, but as long as we all just keep on building up shares of the companies we like...eventually we'll have the dividend paydays that we need to enjoy our retirement years.

[WSSix]

Glad you're more at ease this time around, Lance. I'm in the same boat.

[GregWeld]

WOW!!! I think you're my most successful "convert".

One's view of the market must be in terms of years - not days.... it's a long slow up and down battle... which takes time to play out. But like houses - and commercial property - and many other assets - UP is the general long term result. Collecting cash payments (cash or re-invested) is so satisfying along the way!!!

Originally Posted by SSLance

I don't know about everyone else, but the market activity the last two months has been a great learning experience for me. In years past, when I had a Financial Advisor that set my portfolio up for me and didn't really understand the objective, watching my net asset value plummet like it has a couple of times recently used to set me off the edge and make me lose sleep. I'll admit to being guilty of asking him to pull at at times like these, sometimes he'd talk me out, other times he wouldn't.

This time around, after watching the investments that I personally chose (and knowing WHY I chose them) dip in value...my first thought was to pick up more of them while on sale instead of running for the hills. I've been reaping the rewards of those actions the past few weeks now.

Nobody can tell where Mr Market is going to go from here on out, but as long as we all just keep on building up shares of the companies we like...eventually we'll have the dividend paydays that we need to enjoy our retirement years.