@Bunn-Wackett
That will mean little over the longer term. Will all just look like normal fluctuations like all other stocks. They all drop, many by 75% and bounce just as high on the upside. Get any chart containing one of the high performers over a 10 to 15 year period. Zoom in closely to month by month and 1 to 2 years max. It will appear like a crazy yo yo bouncing up and down. THEN, zoom out so it shows a 10 to 15 year period. It will look like a nice gradual rise in a steady line up.
Does that paint the picture for you when I say this right now is merely a blip compared to the long term? Look at the following examples which should paint a picture for you, a down ramper, but also for all of us long term holders, who understand the Warren Buffet method. Three well known stocks, each with short term period and a long investment period:
Above examples of how holding the same stock long term can provide massive returns over time, as opposed to getting sucked in to selling out during short term down trends. The short term down trends are where the shorters and traders lurk and take money from those who panic and sell out.
GLTAH. Don’t be the one to hand over your hard earned to the ruthless who care not for your personal wealth and financial security.
Always do your own research and do what suits you, not what suits someone else!!
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