>>Makes me wonder at the hurt small investors are taking. Everybody may own a chunk of the NAZ 5, but someone has to own the others which are not coming back from April. When will they throw in the towel?<<
This small investor took 1/3 off the table on August 1, and half off the table at 9:30 a.m. August 31. I am down about 15%, real capital loss, and vacillate between kicking myself in the rear for not cashing out in July, and kicking myself in the rear for not hanging in there, because if I had hung in there, a lot of my stocks would have come back somewhat (AT&T, for example). On the other hand, some are still heading down and down and down.
I think I could be the poster child for making all the wrong moves, you know, the bad example that you hold up and compare to the good example.
I have to keep reminding myself that I just started investing in June, 1998, and had no idea what I was in for. Everyone else I know started during the bull market, and they kept telling me,
"You're in it for the long haul! You can't time the market! Buy the dips!" Etc., etc., etc.
Well, I have a new mantra: Don't follow a bubble down.
That said, I am not throwing in the towel. I am sitting on the sidelines, waiting for enlightenment. |
