Earl E Retyre
Full time employment: Posting here.
- Joined
- Jan 1, 2010
- Messages
- 541
In 2008, I lost hundreds of thousands of dollars, panicked and sold all equities and got completely out of the market. It took me years to feel comfortable enough to get back in. Obviously, selling was a mistake.
Interestingly, this go around I am not panicked at all. And, I am even buying as the market goes down. The difference is:
(a) I read and learned a lot from this forum
(b) I am in Index funds and not individual stocks
(c) I have my portfolio balanced to a level I feel comfortable with. While my % of equities is lower than what I believe most people have on this forum - I learned my own risk tolerance. And now the market downturn does not make me panic.
Interestingly, this go around I am not panicked at all. And, I am even buying as the market goes down. The difference is:
(a) I read and learned a lot from this forum
(b) I am in Index funds and not individual stocks
(c) I have my portfolio balanced to a level I feel comfortable with. While my % of equities is lower than what I believe most people have on this forum - I learned my own risk tolerance. And now the market downturn does not make me panic.