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!
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 here 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.)