4 Reasons I Don't Worry When My Investment Account Balance Goes Down
And as for the shares of stock I own in individual companies, I also buy them only if I feel secure that they have a strong competitive advantage and the type of solid leadership team that can see them through a crisis. That gives me confidence they'll also come back stronger after economic downturns.
4. I won't have to rely on the money for a long time
Finally, the biggest reason I don't worry if I suffer losses in my investment accounts is that I know I won't need to sell any of my assets for a long time. I only invest money I won't need for at least five years, and most of my investment portfolio consists of retirement accounts that I won't touch for decades.
When you have a short investing timeline, you can't always afford to wait out any downturns, and you could be forced to sell at a loss simply because you need the money. Because I make sure I never find myself in that position, I don't have to worry even if a recovery after a crash is slower than I'd hope.
By following these sound principles and ensuring that I'm not making unwise investing choices, I have the confidence to see my portfolio balance fall and do nothing but wait for brighter days.
When investing geniuses David and Tom Gardner have an investing tip, it can pay to listen. After all, the newsletter they have run for over a ...
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