Welp, someone must've fugged up my stock market lamenting thread and something led to someone deleting it (not me), so I'm going with Part II. Please DON'T fugg this one up, too. I suspect some idiot must've made a political reference which is a no-no.
Continued from last time....
I lost a fat chunk in the 2008 meltdown- on paper. I stayed the course and never sold anything and I'm much better off by not selling. It sucked then, and it sucks now. Even if it's on paper.
Ah, I'm still in the green overall and I have already had stop loss orders in even before December 2018, so I won't get flushed down the toilet. It's just a bit disheartening to see it fall so far this fast. I guess it's good to lose a shiit ton of money on paper and still having made a substantial profit. I'm not terribly worried about it, as it will come back. I'm in it for the long haul.
It's kind of like having 100 bucks in your wallet, you find another 100 bucks one dollar at a time on the street for a few weeks, then losing some of that 100 bucks you found in a few days. You still got what you invested and then some, it's just not as much as you had before you lost it.
All my shiit's paid off and I owe nothing but utilities except the wife's car and I could pay that off today if I wanted to, so I'm not worried about that. Still getting our pensions and dividends so nothing has changed with the "paychecks" as it were.
But, all you have to do is look at the historical stock charts, and although you get these periodic blips due to big, uncool events, the general trend is up in the long term. I think Mr. Spock said it best- Go long and prosper. Oh, wait...that may be a misquote... 🙂
Continued from last time....
I lost a fat chunk in the 2008 meltdown- on paper. I stayed the course and never sold anything and I'm much better off by not selling. It sucked then, and it sucks now. Even if it's on paper.
Ah, I'm still in the green overall and I have already had stop loss orders in even before December 2018, so I won't get flushed down the toilet. It's just a bit disheartening to see it fall so far this fast. I guess it's good to lose a shiit ton of money on paper and still having made a substantial profit. I'm not terribly worried about it, as it will come back. I'm in it for the long haul.
It's kind of like having 100 bucks in your wallet, you find another 100 bucks one dollar at a time on the street for a few weeks, then losing some of that 100 bucks you found in a few days. You still got what you invested and then some, it's just not as much as you had before you lost it.
All my shiit's paid off and I owe nothing but utilities except the wife's car and I could pay that off today if I wanted to, so I'm not worried about that. Still getting our pensions and dividends so nothing has changed with the "paychecks" as it were.
But, all you have to do is look at the historical stock charts, and although you get these periodic blips due to big, uncool events, the general trend is up in the long term. I think Mr. Spock said it best- Go long and prosper. Oh, wait...that may be a misquote... 🙂
