Today I was listening to the doom and gloom on the cable news stations about how bad the world and economy is and I felt the need to check my long term buy and hold account I hold for my mother-in-law. Generally, I try not to watch these as much as my own accounts because she can’t stomach the same volatility I can so if I manage the account too much it ends up like mine. To my pleasant suprise I found I was only down by 10% since May! Compare that to S&P 500 over the same time frame which is down approximately 33%.
Normally being down isn’t a good feeling, but doing so much better than my 401K managers has put me on a stock market high. It was truely motivating and helped psyched me up for the new year.
Have you found those milestones in your stock market trading that gets your heat beating? What gives you that market high?
For the record the account is currently holding PFE, DIS, PEP, and CL.
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