Mollyycolllinss Authors Callie Cox
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Seeing a lot of popular names down big today, so let’s have a little chat.
What do you do when your hot stock is falling fast?
đź’Ą (a thread)
Check your goals.
When do you need this money?
Now? In a few days? In a few years?
If you have time to wait, then it could make sense to hold on for now.
Remember your why.
Stocks rise and fall. It’s the nature of the market, and swings are the price of investing (h/t @morganhousel).
Just think about Apple. Amazing rally over the past few decades…with a lot of big
Back to the why. If your why behind buying this stock hasn’t changed, then it might be best to wait this drop out.
What do you do when your hot stock is falling fast?
đź’Ą (a thread)
Check your goals.
When do you need this money?
Now? In a few days? In a few years?
If you have time to wait, then it could make sense to hold on for now.
Remember your why.
Stocks rise and fall. It’s the nature of the market, and swings are the price of investing (h/t @morganhousel).
Just think about Apple. Amazing rally over the past few decades…with a lot of big
What they tell you:
— Callie Cox (@callieabost) September 24, 2020
If you invested $100 in Apple's IPO and and held shares until today, that investment would be worth about $100,000.
What they don't tell you:
If you invested $100 in Apple's IPO and held shares until today, you would've endured 23 declines of 20% or more.
Back to the why. If your why behind buying this stock hasn’t changed, then it might be best to wait this drop out.