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re: Bought into a sinking ship stock

Posted on 11/4/23 at 10:35 am to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69995 posts
Posted on 11/4/23 at 10:35 am to
quote:

if he is squirming over 1k losses he has ZERO business investing or trading PERIOD! that is peanuts



Agreed. If someone doesn't have the stomach or the means to take a $1,000 loss, then they need to stick to buying mutual funds with DCA.

And there's nothing wrong with that, it's a tried and true strategy to build wealth over the long term.
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