Anyone panicked and changed their allocations/went to cash?
I started investing in Feb of 2018 (before the drop!) and it's been a wild ride! 50% ETF and 50% dividend growth stocks. Down 6 figures. I never tried to time the market and didn't sell anything. I did the same in the fall of 2018 correction and it worked well that time, but this time is different!
Lesson learned: I get very emotional seeing paper losses on my portfolio, and I probably should have kept more cash on hand. Actually, I did have more cash on hand, but I put that into another investment and didn't re-balance my stock portfolio because I got greedy and wanted to maximize my returns.
I started investing in Feb of 2018 (before the drop!) and it's been a wild ride! 50% ETF and 50% dividend growth stocks. Down 6 figures. I never tried to time the market and didn't sell anything. I did the same in the fall of 2018 correction and it worked well that time, but this time is different!
Lesson learned: I get very emotional seeing paper losses on my portfolio, and I probably should have kept more cash on hand. Actually, I did have more cash on hand, but I put that into another investment and didn't re-balance my stock portfolio because I got greedy and wanted to maximize my returns.