Probably you are still in shock.
The stock market is now officially in the Ghost month and at the same time the recent adjustment of the US Debt Ceiling that led to the USA’s downgrade of credit rating drove most markets in the red.
Maybe you are one of the newbie investors who just recently got into the stock market after long hours or days or even weeks of thinking and deciding if you will put money in the stock. Well you were happy weeks ago because all your first stock picks went green and then this week all are in the red; some would say bloodbath.
Do you remember the 7 rules of stock investing? If not click here to read it.
Always remember to only invest free cash for a very practical reason and with this always remember to trade at your own risk. Also always set aside emergency fund for your personal use and for bargain hunting. Right now is the best time for bargain hunting. Stocks with strong fundamentals will stand the test of time and will soon rebound thus buying them at a low price at this time will be a wise move.
But if you have bought your stocks and still their prices went down don’t be too hard on yourself. Have you watch the movie Battle Los Angeles? There is a line I love the most. SSgt Nantz keep on saying it.