@stwida91
EXACTLY. I can't reiterate enough: People start freaking out when the market dips and their 401k drops. ITS NOT A HARD LOSS UNTIL YOU PULL OUT IN A LOSS POSITION. Let the damn thing sit and wait it out as best as you can.
@mikemecklenborg5412
I told my wife this in 2008 when she wanted to sell our stock and pay off the house. I told her its not a loss until be sell it. We had a stock value drop of $80,000. But we hung on and years later we gained it all back and gained an extra $40,000. We then took the extra gain from our Roth IRA at 59 and 1/2 years of age and paid off the house. We are now debt free with no loss. She was glad she listened too me.
@JanetT.Washington
I started investing when I was 37, mostly through sweat equity. I just turned 42 and this last month was the first time that my passive income broke $100,000 for the month. This is solid advice! DO IT!
@christinecrispin6553
My father taught me, you don’t touch it until you retire. Other than that … ride that waves! Words I still live by today. ❤
@GareleSieg
I hit $$128,600 today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject
@Greniumrealty
At 73, if we’re going to enter a long bear market, I might not see the end of it.Quite a sobering thought, Down over 70k, should i sell off and go all cash today?
@polarbear9404
Buy quality companies when the market dips. Not easy to do but it works in the long run. WB doesn’t day trade.
@FaithAndrada-xo9ou
During a bear market, professionals typically move to cash early, short the downtrend, and wait to pick up great companies at bargain prices. Amateurs, on the other hand, often hold on stubbornly, hoping each rally signals an end to the downturn, and eventually sell when losses become unbearable.
@robertkasak483
History shows nothing is better than solid stocks over the long term. Just be careful what you buy and dividends are a great source of income.
@Raniyanhunter
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.
@ChristineMyers-wz9xl
Hi, I want to start investing but don’t know where to begin. Any tips or contacts?
@KinseyGrowthThinking
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@Soldjaguy
This is very true, try and sell when you’re in profit. Don’t sell all of your portion but sell to the point you feel comfortable and then take your profits and reevaluate for the next potential buying opportunity!
@WestonScally7614
I sold most my positions during the dip at a loss and now those stocks are doing well. Most of my holdings are in cash of about $300k now. How do I stay invested and think long-term to help me ride out the market’s ups and downs.
@CrapE_DM
This is why it's dumb to tax earnings on stocks (as some are proposing) instead of just the capital gains
@Kim_yttt
If we are reaching a potential top in Stock Markets, what do you deem as a safer alternative to invest money in during a 5 to 10 year recession and stock market down trend? Let's say 150k?
@judynewsom1902
The market’s been unpredictable, my portfolio is down by $40k, any tips for improving portfolio performance?
@MrDaAsif
Yup. Stocks have been great for me (in fact, a sizable amount of my house down payment was from stock profit!), and part of it is the fact I remember things like this... until you sell you haven't gained or lost anything! The winners in the stock market are always those who are patient and not easily scared
@ILLFortune
Like this comment if you're a nerf-herder.
@AnnieHolsen