These are the times that try our patience, test our risk tolerance and tempt us to bail. The past two weeks have decimated my retirement plans. Yes, I knew a correction was overdue; that the economy was not recovering for most working folk; that the global outlook was starting to look grim.
Yes, I know economic cycles are cyclical (a little redundancy hurts no one). Yes, I have preached "being in the market for the long term" and "downturns offer buying opportunities," for many years.
Regardless, during these turbulent times, each day's opening bell makes my stomach churn, my heart pound and my fingers edge toward the "sell" button.
Hanging tough while Wall Street tumbles is hard to do.
Here's what I think...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment