Yesterday the Dow dropped more than 500 points, nearly five percent. Girl Ninja and I lost around $2,000 as a result. When I told her the tragic news she asked if I was really sad/mad about it.
Do I like losing money? Heck no techno, but that’s what I signed up for when I decided to start playing the investing game. I knew there would be days that I made money and days that I lost money. Yesterday was a loss. Ain’t no thang but a chicken wing.
Sure losing $2g’s sucks, but I got 40 years to make it back, and I’m pretty darn confident we will. For me, investing is not an emotional decision, but a financial one.
Are you emotionally affected by big drops in the market? How about big gains? Anyone think buy and hold is stupid?