So we have been in a sell-off for three weeks now.
It hasn’t been fun.
Did you know it’s been found that investors feel the pain of losses more than they feel good when the market goes up? It’s true. That’s the way we’re wired.
If you’re new to investing, you might be kicking yourself right now for ever getting in the stock market – if you haven’t already sold by now.
Well, listen to me. OK? No one said this was going to be easy – emotionally, that is.
Here is what I try to remember on days like today…
David Gardner has been fully invested over that time frame. Occasionally, yes, he has made some missteps. Over his career, though, he has beat the market by over 500%.
Yes. That’s right. 500%! And guess what? When he evaluated every pick he ever made, he concluded that his percentage would be even better if he had never sold a share.
Hang in there, friends. Don’t give up. We’ll get through this together.