Last night was the first down day in weeks. Apple down 8%, Nvidia down 9%, the list goes on.
It sucks because I just picked up more Tesla and Nvidia before it happened. Did I send a sell signal to the market? Many of the stocks in my portfolio went down 8% or so, reducing my portfolio by around $50,000. Yikes. That was a large part of my remaining cash too.
It was a sobering reminder that stocks won’t go up forever.
I have noticed whenever I’m feeling euphoric, it doesn’t last. I can count on the market slapping me around and reminding me that getting rich isn’t easy or quick.
Still, I think this is a passing storm. As it always is. Even with the plunge, we are roughly back to where we were just two weeks ago. Long-term trend of stocks (at least in the US) is always up. There was no real crisis, seems to be mostly people getting nervous and taking profit. No sense to think too deeply about. Ignore the news and theories. Buy if you got the cash, hold if you aren’t forced to sell.
Time in the market > timing the market. Which means taking the falls as well as the peaks. All part of the game.