Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 15
So I don't want to jinx it, but today felt like old times (pre 6 months ago)... the general market struggled, but the typical Fool/Saul stocks (at least my holdings) were all green, and by pretty good percentages. It's been awhile since one of those days, they've been missed.

I'm not implying the bottom is in, I know I can't call that (nor can others). In fact, I'm sure things will again correct lower still, as that has been the MO for months now, and there's been no unexpected good news regarding inflation, interest rates, or the Russia/Ukraine situation that might portend a turnaround for the high growth/IT sectors. But it was at least nice for a day to not have a sick feeling in my stomach thinking about my portfolios showing further declines than the massive ones they already have.

In looking at my stocks on a line graph of 52 week highs/lows, they ALL are at or very near their 52 week lows, or even all time lows. Just 6 months ago almost all were at all time highs. Lesson learned, if/when some of my holdings ever get back to more reasonable prices (just maybe the middle of that graph), or dare I say it, even overshoot to the high end again (I realize that will take some time), I will take some funds off the table, as I am retired, and this beating has been hard to stay optimistic about, when every stock you own seems to go down together. Prior to retiring this wouldn't have affected me as much as I continued to buy at lower prices when these events happened as I had new investment money coming in, now I'm fully invested, so I can just watch my portfolio shrink without being able to add at better prices/valuations. It has amazed me how far they can all drop with little to no bad news specific to any of the companies! So the pounding our stocks have endured have been almost entirely macro/valuation/fear based.

Read a quote somewhere by Maya Angelou recently that says, "every storm runs out of rain" (the quote was not referencing the stock market, but it fits), well, I can't wait till this one does, as I've been drowning.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.