This post was originally shared in my DT Email Newsletter here.
It’s normal to feel lousy about your stocks. I still do.
When share prices plunge, I check my phone… and all I see is a sea of red. My hard-earned money is now lower than before. The voices in my head will start screaming loudly at me:
“Just sell now! Get out of the stock!”
I’d feel terrible. But don’t let these emotions take over you.
I’ve made my living in the financial business since 2010. I can tell you this – Mr. Market and the people in this industry will often try to sell you whatever it’s highly popular.
Some of my best investment ideas are never popular.
Think about stocks during Black Monday in 1987. Think about how stocks were unpopular during the Global Financial Crisis in 2008. And think about how stocks were unpopular during the COVID-19 outbreak.
When Mr. Market is happy, investors believe it’s time to buy....