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....