06-23-2013, 01:32 PM
Well done Bobbyboy1970. I know that it can be nerve-wracking at first, but the instinct to check the price every minute will fade over time, especially with a safe, relatively stable stock like MCD. Another thing that will help you to sleep better at night is a little diversification. Right now, all of your eggs are in one basket, so you are really exposed to any moves in that one stock. But over time, as you add other stocks to your basket, it will get better. If MCD drops some from here, it will be important not to panic, but rather just get comfortable with how ownership feels and how the prices moves with changes in the company's news and prospects as well as with changes in the broader economy and market. If the price does drop from here, consider seeing it as an opportunity to pick up a few more shares (thereby lowering your average price) rather than as bad news. (Of course, if you do have more dry powder, you might also think about other companies to buy to get started on that diversification!)
Best of luck.
Best of luck.