08-02-2015, 04:58 AM
DW is right, you need an investment strategy. The biggest question you have to ask yourself, IMHO, is:
What am I going to do if my investment(s) drop 30/40/50 percent?
The reason why I say this is because this happened to me two times in my investment life, during the dot.com bubble and during the 2008/09 financial crisis. A lot of people that I personally knew behaved in many different ways, from rational to irrational, some very intelligent people made very poor decisions that had a permanent affect on their investments. I guess, one doesn't really know how they'll react until it happens? I know, for me, personally, I continue to evolve as an individual investor.
Good luck and welcome aboard!
What am I going to do if my investment(s) drop 30/40/50 percent?
The reason why I say this is because this happened to me two times in my investment life, during the dot.com bubble and during the 2008/09 financial crisis. A lot of people that I personally knew behaved in many different ways, from rational to irrational, some very intelligent people made very poor decisions that had a permanent affect on their investments. I guess, one doesn't really know how they'll react until it happens? I know, for me, personally, I continue to evolve as an individual investor.
Good luck and welcome aboard!