Time To Exit The Stock Market?
Today was another horrible day on the stock market. As of now I have lost $2,614.74 of my portfolio. My 401K has lost 35% since the beginning of the year. The money that I had been counting on to grow and help to fund my world travels and investments is quickly decimating. All this leads me to ask myself “Should I Just Take My Losses?” To be perfectly honest, I’ve thought about it greatly over the last week. But every time I think about throwing in my chips and cutting my losses, my stronger side slaps me in the face and says HELL NO. We got ourselves into this mess and we need to wait it until until either A) we can get out and a comfortable loss B) We break even or C) We take some sort of profit. There are a lot of people out there panicking right now. I don’t need to see them physically but I can feel them with every negative percentage in the market. Well, people I’m here to tell that a loss is not realized until you sell! So stick with it, turn off the TV, turn off your computers and wait this storm out. It’s really not as bad as it seems. And if you know what I know, this whole financial crisis was planned and calculated from the beginning to create panic. Panic will drive down the stock market to record lows so that the financial vultures can come in and get unbelievable deals. Not only that, but panic wins elections. Think about it.
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