Lessons from the Stock Market Swings - Page 3
What does this all mean?Nothing.
I am not retiring today, so all of this mean nothing. If I wait too long and miss the stock market's rise back up then I will likely lose a whole lot more than I saved here. The name of the game is investing. That means being IN the stock market. I fully intend to buy stocks back in the next couple of weeks. I would like to see the market settle a little (preferably low) and then jump back in with both feet.
What did I learn about the stock market?Paying attention to potential dips may pay off long term. Active involvement doesn't take much time, and the rewards are potentially high. However, getting scared and being afraid to invest is more crippling than taking a few losses now and again. So, you should stay invested, but that doesn't mean you have to ride every drop - not if you can see it coming. What will I do? Continue to learn. Continue to practice investing. Continue to pay attention.
How did the past couple of weeks affect you?