Stocks Fall Again To Start The Year
What a start to the 2008 investing year! It’s the first day of the year and we are already 200 points down from last year. I’m sure most of us are looking forward hoping for a good year with growing our retirement savings so news like this is not pleasant!
However, keep in mind that those who prosper from the stock market are either:
Lucky - Some people happen to buy certain stocks that skyrocket. You hear about the people that bought General Electric 30 years ago or the person who got rich owning Microsoft. It happens to many people but it doesn’t mean you can repeat what others have done if you just follow the steps they took.
Patient - These people buy when the market is down. They hang on to the stocks they buy because their view is long term. They know that good companies can weather the storm and […]
Original post by MoneyNing