On the plus side, I’m in it for the long run. So if things eventually go back up, I’ll be ok. And I’ve “only” got $1000 in the market. As long as my stock doesn’t disappear…
I’m trying to find the post I read a few days back–a nice succinct one which just said “Don’t pull out just because you’re nervous. The market goes up and down and you’re going to lose money if you pull out.” After going through my reader, I found a surprisingly large number which say this, but not the succinct one. Darn stealthy writers.
So if it’s not a time to sell your stocks, is it time to start investing since prices are lower? I’m definitely not an investment professional so I have no idea. Intuitively it seems right (if you’re investing in something like the index anyway) but intuition and investing don’t always go together.
In slightly more humerous news–you can invest in Iraqi currency. Or burn your money….
As it is, I’m just not going to look. Sometimes passive investing involves stepping away so that emotions don’t get the best of you.
Coming soon, a review of a book on ethical investing–can it be lucrative and still satisfying your conscience? Maybe, I have to track down some of the stuff they’re talking about…
photo by mvhargan