So after another poor week in investing it feels like a downward spiral. Every day seems to lose hundreds of dollars from our portfolio but rest assured – if it’s impacting us, then it’s probably impacting you as well. Cold comfort, but there are opportunities to invest more money now. Eventually the market will recover but nobody knows when that may occur – and when it does I’ll know I’ve done everything I can to bolster our investments. The rich have an advantage during downturns – they hold their money and when the time is right they swoop in, buying low.
Once the market recovers, they’re the ones who make the biggest profits. Unfortunately unless you’ve got the capital and you’re a retail investor like us, then you’re totally at the mercy of the markets.
Hold your nerve, keep investing, because one of these days the sun is going to shine again! 🙂
I’m holding on better than I thought. I thought I’ll end up sitting out of this market due to fear, but instead I’m pouring more money in, knowing that it’s on sale! I think it gets much easier to do so when you finally understand your strategy, believe in it and just stay the course. Good luck to all of us 🙂
Thanks for commenting Elizabeth – Yours is the very first comment on this blog and is very much appreciated! At the moment due to the market still falling so I’m holding off buying for a couple more weeks. I “think” the market still has a couple more months left of falling before it starts going up but what do I know – I could be completely wrong ?!? When we see a definate upswing then any money added into the “wallet” will be spent without haste 🙂 Roll on the eventual bull market!