Just logged into my stock account...

@very-rusty said
A big thumbs down for you from me on that lemon.

Why must you be like that?

-VR

@lemondrop said
buy low sell high
I'm giving good advice
why are you giving me a thumbs down?

@great-big-stees said
Just a guess but perhaps, now remember I did say, "Just a guess", he's referring to the markets' downward spiral. 🤔 😲

@great-big-stees said
Just a guess but perhaps, now remember I did say, "Just a guess", he's referring to the markets' downward spiral. 🤔 😲

@torunn said
I have never invested in shares, but I assume that as long as you don't sell, no harm is done?

@lemondrop said
the problem is is that if investors are losing money in the stock market they will look for something else to invest in
depends a lot on your age and whether you can take a big hit
panic selling does provide a lot of value if you have a long term view
but if you are long in the tooth
it's worrisome

@torunn said
I have never invested in shares, but I assume that as long as you don't sell, no harm is done?

I know hindsight is 20-20 BUT...

Day traders could see this coming like a freight train. Back in February, you could see that any company doing manufacturing business with china would be in trouble getting product. Apple is a great example. Apple has products that are entirely produced in China.

Also, the entire market in the US went to great heights and was already due for a correction. Said Apple was valued as the world's first $Trillion company back in the fall, and suddenly in January is valued at $1.4 trillion??? Where the heck did that 40% value increase come from? over-optimistic buyers, that's where.

The long and short is, you should have dumped stock in mid-February, the latest. Then it becomes a waiting game. The markets likely will continue to tumble. When it starts to climb back up, buy back your exact same portfolio for a fraction of the cost and enjoy the ride back up. Oh, and buy something extravagant with your profits, even more stock. 🙂 "Buy low, sell high" - strikes again.

Tip of the day,, when the markets recover, buy Tesla stock (TSLA). It's the GM of the future.

@trev33 said
You have indirectly if you have a pension.

@torunn said
That may be true - I hope not all of it though.

@trev33 said
Most likely all of it, that’s why so many lost their pension during the financial crash in 2008. People might not think it but the stock markets are actually pretty important. Unfortunately.

@earl-of-trumps said
The long and short is, you should have dumped stock in mid-February, the latest.