It is times like this when I can see how folks get spooked by the market, sell at the bottom, and remain soured on investing for the long term. I know its in my best interest to hang in there and perhaps even buy at these levels, but its tough!
My cash account with Scottrade has lost 28% in the last 6 months. I’ve been making an attempt to unload the losers in an effort to reinvest that money in stocks I think will do better over the coming months. Even though I am buying the new stocks at depressed prices, I can’t help but be a bit shaken up over how things are faring.
What about the rest of you? Are you holding on through the weakness, liquidating positions (even at a loss) to get out of this, or buying right now as much as you can to take advantage of the low prices?
on Apr 3rd, 2008 at 8:36 pm
[...] not-so-diversified portfolio has received a bit of a beating lately. Last week I closed my positions in Intel and sold off part of my Marchex position (after a nice [...]
on Apr 13th, 2008 at 12:15 pm
Cut losses, let the profits run.
I can`t afford to lose more than 2 % of my capital in a single transaction.