Here I have my one moment after toughing it out long term for the first time ever, taking nothing but crap from this thread, the press and the market for six weeks (and no, KIS, I'm not down anywhere near 50%; it's around 24%), my stocks finally start showing life, the smoke clears, and I have my Iwo Jima moment, and its not like me?
Of course its not like me!! I've never held through a decline like this before. But I'm proud I have because it wasn't based on any material change in fundamentals, there aren't may of us who did, and it made me seriously question and reaffirm my decisions like nothing has before. That is not an easy process, and there are many moving parts to consider.
So, like at Iwo Jima, the war may not be suddenly won, but the tide is turning. The results of this effort are pretty astonishing to me. It's a proud moment for few of us...one I hope all can feel one day. The results from staying invested, owning a basket of companies, perhaps trading around positions some, but sticking with them isn't that tough on the bottom line. I'm coming out of this with remarkable stakes.
I owned AOL in 1993 and traded it too many times to remember. Had I simply kept that small position it alone would be worth $5 million or so today. There are several with that potential, including Amazon, that some of us own now. I think it's time to just plant the flag just like our Marines did, and tough it out. |
