Today, I feel like one of the 300 Spartans with some of my stocks. Since the market is in a big sell off today, a couple of my stocks are down 5% in one day. I’ve seen this before and panicked in the past. I believe I have good, long-term stocks, so I am reminded of the 300 Spartans and their hold against the immense Persian empire.
On the one hand, you can’t lose when you lock in a gain. On the other hand, I’m not a day or short term trader, though days like today tempt me into becoming one. I believe my long-term strategy is still sound with stocks and that is to find good dividend-paying stocks that have long-term value. It will be interesting to see if the market continues to tumble with them, or if this is an over reaction of selling and long-term, they will hold steady.
Either way, I’m happy to swing the bat and part of investing is dealing with volatility and having the courage to hold steady even through turbulence, fear, and panic.
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