I Haven’t Lost Any Money Yet

That’s because I haven’t sold any of my investments yet. Even if I did, I’d still make a profit because the market price of most of what I’ve bought is higher than what I paid. But I’ll hold most of what I’ve got because I expect it to rise in value over the long term.

Investors were stupid to panic and blow up trillions of dollars of market value, but I believe that those of us who hold on for the long term and who take the opportunity to make margin buys as they are available will be better off than the panic sellers.

As key manufacturing comes by onshore, the companies who provide the equipment and the people who provide the know-how will do well. After the dust settles, the next couple of years will be interesting.

2 thoughts on “I Haven’t Lost Any Money Yet

  1. Paul Harvey loved to say that the stock market is like a roller coaster — the only people who get hurt are the ones who jump off.

  2. Some people who are selling have debts to pay/manage and need the liquidity even at a high cost.

    Some people are panicking.

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