Investing 102

[GregWeld]

Originally Posted by gearheads78

I waited for a pullback for almost 3 months and just watched the train get farther and farther out of site without me on it. I finally got on board and of course had I waited maybe 2 more weeks would be in better shape. I am not scared of going down just wish I started from a lower platform to fall from. LOL
I did sell one of my 3 growth stocks FB today and bought something else I want to hold long term. I was up 19% on my FB and never intended to keep it long term so I let it go.

That's EXACTLY what happens.... the longer you wait -- the market goes against you... the minute you buy -- the little man on Wall Street yells "TAKE 'ER DOWN"!!! Happens every time... I don't care who you are or how much you've invested.

The KEY is ---- to go back 10 years -- 15 years --- 5 years --- and see that the charts are GENERALLY lower on the left and higher on the right ---- and that's what you need to "invest" in. This week - next month -- tomorrow.... is just a blip in time. It's like buying a house.... you MUST believe that down the road it will be worth more regardless of what it sold for last time or next week.

At least Stocks are LIQUID if you need the dough.... good luck getting any dough out of your house if you need it next Monday! LOL