This Recession
As an investment banker I thought I knew everything about stocks and shares till last year. My ego was crushed by the crash of Dow Jones. I got paralyzed and didn’t know what to do. All my money was invested “wisely” in stocks that were “doing well” a couple of years ago. When the downslide started I was losing more than $1000 a day. My mind told me to sell everything and get out of this rut. But my heart thought otherwise. I thought ‘if only it could pick up a bit, then I’ll sell.’ This way I ended up with a big loss. My 401k is also down, where in I had invested for my twilight years. Even if the market picks up, I’ll still be at a loss. With a recession going on, it is indeed difficult for any company to do well. More and more companies are folding up and hundreds of people are losing jobs. If you have the staying power then keep your stocks and don’t sell them now. The new government is sure to get us out of this mess. After all there is light beyond the dark tunnel, isn’t it? I am sure about it. How about you?