Friday, November 21, 2008

Hold Your Breath! Don't Sell Your Stock!

I'm no expert, but I am holding onto my small stock portfolio. Until I sell it, I have (in my mind) only lost money on paper. Once I sell, that loss is realized. Who wants to sell low!? I'd rather wait it out. My financial advisor reminded me not long ago that the longest 'bear' market in U.S. history was '30 months.' Well, this bear market may be one of, if not the, worst bear markets in U.S. history, but it certainly hasn't come close to being as long as 30 months!

Hold your breath. Don't sell.

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