- I'm almost recovered from the downturn the last 2 weeks of January - 13 of my 16 positions are showing overall gains - My 3 negatives are down .81% to 2.46% I am feeling pretty dang happy.
Longterm investors should enjoy the noise/dips as it presents a better buying opportunity. Especially if you have cash waiting and ready. I never understood why people go all in so to speak and get concerned with the basketball effect.
It's how we are wired for a reward system. It's contrarian to initiate action that our mind's perceive to be dangerous - i.e. buying in during a downturn. Gotta operate with human reason rather than animal instinct.
Different people have different plans. To me being sad last week because I was down 5% and happy today because I was up 5% is pointless as it is UNREALIZED on paper. If you are invested in strong companies that survive downturns, the basketball is pointless. I try to buy on dips, some buy on rips. I always try to have some cash on standby.
I was buying F and the banks in the 1.ss back in 08/09. I soon discovered options and leaps,Those were the days.
