Staircase Up, Elevator Down!

If you’re like me the last five days have been quite painful.  What may have taken several months to build has been wiped out in 4 days.

In the blink of an eye, my account is down 20%.

There’s an old Wall Street adage that goes “staircase up, elevator down”.  In other words, stocks go down a hell of a lot faster than they go up.  Always have and always will.

If you follow us here at Wealthy Joe, you know that we are long-term investors, and we don’t panic.  Panicking is a surefire way to lose money.

At this time, if you have some cash, start lining up the names of companies that you were waiting on to get cheaper.  Then…start buying!  I know sell-offs can be scary.  But that’s when you have to do it!

Remember…don’t panic!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

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.)

 

 

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