Is Patience A Virtue In Investing?
Current YTD Return: -$1220
Wow. This is giving me ulcers. For the first time in my investing career (yea yea I know it’s only a year. Leave me alone!), I lost my portfolio value four straight days in a row! And it’s no small change. I’ve lost over $2500 now. *Throws up* My personal gut instinct says hold it. Market ALWAYS comes back. However, given how heavily invested I am in the oil related industries, that may not be the case. I’ll wait it out for the week and determine if I should cut my losses while I can or not. Any investing help you can give me is appreciated! At this pace I can’t keep my investing blog going because my portfolio will be worth nothing.
“Patience is virtue” Is it?
