This is really not about the stock it’s about an individual’s...

This is really not about the stock it’s about an individual’s ability to withstand the inevitable price crash that happen with stocks .

A friend of mine was talking about starting a business years ago and the first thing I said to him was this :

Take $10,000 cash and burn it. If you can stand there and watch it go up in smoke you have what it takes to become successful in business .

Needless to say he and his wife thought I was completely mad.
They started their business and the first few years were great , money was rolling in and they had
a grin from ear to ear .

Then came the first few losing months and things took a dive because they didn’t have the grit to handle a few bad months .
They panicked and couldn’t handle it. The business went down hill fast .
it wasn’t long and the doors were shut and they were back in a job .
The stock market is no different , if you constantly check your stocks , if you chop and change and try to beat the market.
I’ll sell here buy there. You are probably not suited to investing .
Investing has become the buzz word out there.
Everyone is talking about it you can’t escape it.

What they don’t realise is that you have to have the ability to handle a drawdown. Being $50k or $100k down with out panicking . It’s much easier said than done .