Hang in there, especially when things are down.
Ruth Barrons Roosevelt described it first as Sin # 6 – Impatience. I see it as something closer to a feeling of ‘underwhelm’ – almost disappointment. Case in point:
A few years ago, I bought BA, Boeing Company shares at price $x (and nine other companies). Recently, I came across more cash to invest and decided to continue to follow the directives of the Brockmann Method and purchased more shares of BA at about $100 more than my original purchase price. The underwhelming part of the story happens when I tap on my Scorecard.
Boeing is there, up dramatically, even on Friday as well as from a year ago, however the current price is BELOW what I paid a few weeks ago, so naturally the row representing my recent purchase shows a net proceeds that is red and negative. 🙁 This is the underwhelming part which, I suppose, is likely to happen from time to time.
Stocks don’t always go up, all the time! That’s kinda obvious, but optimism is sooo infectious.
Wilf would remind me to create a plan and stick to it and that the Brockmann Method works over time, not every time.
The trick that I’ve found seems to work is to take a deep breath, relax, enjoy a few minutes outside of the app, read some white papers, and otherwise just get on with one’s busy life.