So the S&P 500 was down 1.37% today, and the Nasdaq was down 2.09%.
Not big on a percentage basis. But if you own primarily tech stocks, like I do, you have experienced some pain the last few days.
My account is down 10%, and it doesn’t feel good. Losing money never does.
However, this is part of investing.
It’s not a very fun part. But it is a part, nonetheless.
Know this: down days are where you make your fortune.
How, you may ask?
Well, the answer is quite simple – but hard to master.
On days like today, the best move is to either add to your investments or simply do nothing and ride this downturn out.
That’s the secret.
So once again, the market is on sale… and you should be a buyer, if you have the cash. Otherwise, do nothing.
That’s how the real money is made!
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)