I chickened out
Posted: October 13th, 2014, 6:47 pm
I sold ALL of my stock fund shares today. Fortunately, I made a little bit of money.
Given that the market has been on a rapid decline for a month and since I don't believe the market will bounce back anytime soon, I got scared and sold out. I'm saving up for a house right now; the last thing I need is to lose money in the stock market. Keeping those stock shares for any time longer would be a risk that I'm not willing to take at this point in my life. I had well over 50% of my stock portfolio in the healthcare sector and boy did it save me! Thanks, Obama.
Knowing my luck, everything's going to be in the green tomorrow and the rest of the fall, winter, etc., but it feels good knowing that my money is safe now, free from volatility and in my savings account.
Stock market, I'll be back!!!
Given that the market has been on a rapid decline for a month and since I don't believe the market will bounce back anytime soon, I got scared and sold out. I'm saving up for a house right now; the last thing I need is to lose money in the stock market. Keeping those stock shares for any time longer would be a risk that I'm not willing to take at this point in my life. I had well over 50% of my stock portfolio in the healthcare sector and boy did it save me! Thanks, Obama.
Knowing my luck, everything's going to be in the green tomorrow and the rest of the fall, winter, etc., but it feels good knowing that my money is safe now, free from volatility and in my savings account.
Stock market, I'll be back!!!