If you've selected a good company (based on your research), and you're investing for the long haul, not day trading, then don't watch the ticker, just buy it and forget about it. Don't worry about whether you could have saved a nickel, or even a dollar per share, if you'd just waited a few minutes longer. Nobody knows where the exact bottom is, and again, it only matters to day traders, not long term investors.
I know, I know..... I never was a patient kind of person For the record, I am in Cisco (CSCO) @ 13.5 Thanks for the advice.... Shawn
Yes that does help. Thanks Shawn! I'm going to email you on some other topics in just a few....if you don't mind.
Alrightythen! I just had it running to see what was going on with CSCO and some other stocks (job related) that I have. That's all. Your advice is correct.....since I'm not daytrading and am in for the long hall, it really doesn't matter too much. I <sheepish grin> was just trying to be down w/ the rest of my co-workers who have theirs running as well. Can't I have have a little fun??? Can't I pretend like I'm doing big things? LOL!!! :-D
WOW! For anyone that took advantage of the low stock prices, you have most likely done well.... Myself, Cisco- in at 13.50 and 12.50. Currently trading for 16.88! That's about a 30% gain in a little over a month! Of course, it could be at 3.00 by the end of the day, you never know- life's a gamble. BUT, buying stock opened up a whole new type of savings for me...the competetiveness of it makes you want to do more...to do better...which makes it easier to save. A savings account basically sits, tempting you (well, it does me) to spend. With the stocks, I find myself leaving them alone- or even buying more to try and do better. It's almost like a diet...you start doing well and you loose some weight, but then you get so hungry you end up eating more and gaining weight. Kind of like a savings account, you start off doing well, then you get decent amount of money and want to spend it. Stocks, to me, are like a diet that actually works...the more 'weight' I 'lose' the more I want to 'lose'. You can actually see gains (hopefully) and if you have a bit of a competetive spirit, you will keep trying to do better and better. Of course, stocks can go down. If so, at least you get a write-off. To those who got in- congrats! If not, there is still time, lot's of good deals still out there. It's a great way to start a new type of savings and help the economy at the same time! Shawn
