The one consolation I have regarding the recent stock market turmoil is that I am not online, I’m sure many other investors are puking into their waste bins.
OK, I’ve took a bit hit, even though I’d already sold most of my shares. I’m most disappointed because the only holdings I didn’t sell were my precious metals, I thought they were I good holding to have in a market crash, looks like I was wrong.
Today, my hit was 12% which is pretty bad, but I plan to hold, the US Fed have reduced interest rates which should help the situation.
Long term plan, we’ll I might just forget the whole thing and go for a savings account! Seriously, this whole situation has wiped out any gains I might have made this year. IF it wasn’t for the booming china economy I would be looking at a big loss.
I’m still learning but my recent lessons have been very expensive!