Date: Wed, 28 Feb 2007 18:23:32 -0600
From: "The Henchman"
Newsgroups: misc.invest.financial-plan
Subject: Re: Stocks have worst day since 9/11 attacks
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"Mark Bole" wrote in message
news:rq7Fh.4233$re4.144@newssvr12.news.prodigy.net...
> You know, I heard a rumor at work today, went home later and logged in to
> my brokerage... I've seen worse.
>
> To me, this -- tolerating today's volatility -- is the mark of the long
> term investor.
>
> -Mark Bole
Since I have started investing, which is only about 12 months now, this is
my first ever buying opportunity. And damn it I just bought a car with cash
2 weeks ago so any money I had for a buying opportunity is tied up for a few
months.
In the next 30 years I am sure I will be in this position again and I will
keep cash on hand for such times to buy.
As a brand new investor I was pleased with myself I was very calm and how I
analyzed my holdings during the drop and tried to recognize if this was a
time to incrementally buy some more.
I am also very relieved that a correction has taken place. Much better than
the drip drip drip of a trickling downward trend I would think.
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