The Market’s Nose Dive Continues - Boy Am I Glad I Got Out.
Although I do agree somewhat with a lot of people that say now is the time to go in and buy cheap shares of companies you like, I am glad that a few weeks ago I removed myself almost 100% from my individual stock portfolio. After watching the market bounce around for a while, I finally made the call to do what I had meant to do for a long time…get out. Sure, I still have mutual funds and retirement accounts, but I had been holding on to my personal stock portfolio for years, long after I stopped investing in individual companies. I took home a nice profit on most shares and only experienced a loss on a few of them.
Of course, the market goes through these wild times every once in a while and it is making me nervous. But for now, I think I will stay put in my funds and not add or take out any money…let’s see where this ride takes us. But I sure am happy that I took out some profits before the last week came along.
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