Hey All,

Here is a quick thought for today.

Don’t bail in your investments when the market is in a downturn.  The hardest time to hold onto your assets is when they are down.  It’s a total drag – I totally remember the stock market crash in 2oo8.  I would watch my stock portfolio lose $10,000 a day.  But, most investments are going to go through periods of depression – its the nature of the cyclical economy.  A downturn is the worst possible time to sell.  Don’t sell your assets when there is a sale going on.  Provided you feel the long-term fundamentals are sound, don’t sell.  In fact, consider buying more!

 

 


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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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