Friday, May 7, 2010

Abandon Ship?

Over the past three days, I have suffered substantial losses. 16.72 percent of my entire portfolio to be exact. Why am I not worried? Because that's part of getting rich slowly. I'm not looking for a 100% rate of return on my investment. I know that isn't feasible. The whole point of investing is to watch your money slowly grow and part of that is watching helplessly as the stocks you own take a dip. Am I selling tomorrow? No. Most of the stocks I own, I'm going to hold for at least a year, except for the couple on the PINK Sheets I'm looking to unload as soon as they turn a profit. The market is a rollercoaster, sometimes you have to just put your hands up and scream until the next slow climb.

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