RSKY
Elite Member
- Joined
- Oct 5, 2003
- Messages
- 2,740
- Tractor
- Kioti CK20S
Very well thank you for asking.
I do my own investing and the main mutual fund I am invested in made a drop from $37 down to a little over $22 in April. Lost more in one day than I made in a year back in the nineties. I have 2/3 of our money in that one fund which is something I tell people not to do. I would check it every night and tell my wife how much we were loosing and she would ask me if I was upset. I would say "No, it will hit $40 by the end of the year." Then I would go chew up a couple TUMs to settle my stomach. I didn't sleep very well those two weeks. It took all my willpower to not move it to a safer investment. By the end of the month it started back up and it hit over $47 this last week. For once I didn't panic and screw it up.
When it was dropping I kept looking at the return for the past 10 years and it showed an average of over 30% a year. So I stuck with it.
As of today it has earned me a return on my investment of over 55% for the three years I have been in it. If I had been thinking and not quietly on the edge of panic I would have pulled out all my other investments and stuck them in that one mutual fund. But I didn't. It is the Fidelity Select Semiconductor Fund.
Remember, you don't loose the money until you sell.
RSKY
I do my own investing and the main mutual fund I am invested in made a drop from $37 down to a little over $22 in April. Lost more in one day than I made in a year back in the nineties. I have 2/3 of our money in that one fund which is something I tell people not to do. I would check it every night and tell my wife how much we were loosing and she would ask me if I was upset. I would say "No, it will hit $40 by the end of the year." Then I would go chew up a couple TUMs to settle my stomach. I didn't sleep very well those two weeks. It took all my willpower to not move it to a safer investment. By the end of the month it started back up and it hit over $47 this last week. For once I didn't panic and screw it up.
When it was dropping I kept looking at the return for the past 10 years and it showed an average of over 30% a year. So I stuck with it.
As of today it has earned me a return on my investment of over 55% for the three years I have been in it. If I had been thinking and not quietly on the edge of panic I would have pulled out all my other investments and stuck them in that one mutual fund. But I didn't. It is the Fidelity Select Semiconductor Fund.
Remember, you don't loose the money until you sell.
RSKY
