UGG The Stock Market is Red!!! What a Bloodbath!!!

I am new to investing on an active basis. In the past I have had work related funds that I picked a mutual fund and money just automatically went into that fund. I never watched or cared what was happening to it.

In mid-January of this year 2020 I decided to try hands on investing by dumping my savings account that was not earning any interest into the stock market to at least increase the earnings on it. My ultimate goal was to jack up the amount to a point where I could turn that money into a down payment and closing costs on another investment brick and mortar triplex or duplex. Boy was I shocked when the market decided to slit it’s own throat this past week and the bottom fell out and rolled down the hill into the river and get swept away.

Key thing that I learned in the past 6 weeks is do not panic! If you panic and sell well you have lost that money that was lost. Eventually the market will recover so you either hold everything or better yet dump more money into it and cost average your losses. That was the path I chose until the fourth straight day of the bottom falling out of the already bottom. At this point it was time to just stop drop and roll! Hands off and just sit back and watch. It was like a proverbial train wreck, you just couldn’t look away and it kept getting worse and worse and well WORSE! Come Friday 5 minutes before the bell I had the option to meet an ex-dividend date on a REIT I have been watching at a ten dollar discount from what it was on Monday so I jumped on it. We shall see.

I decided to start investing for fun and profit.

So back in mid January 2020 I decided to open an investment account. I dropped in $1500 right away and started with the companies pre-made portfolios because as of that time, I knew absolutely nothing about investing either long term, short term or any

Since then I have learned a great deal of information. I have watched lots of YouTube videos to at least learn some of the terminology and strategies out there. Having ADD in HD it takes a lot to keep me focused on any one thing for very long. I am finding that learning the stock market is quite fascinating and entertaining and fun. Well, it is fun when I am doing well.

As I learn some stuff I will share it on here with anyone that happens to stop by and read what I have written. I will be making it a priority to post at least one thing a day. Whether it is an update on the market. My take on a particular news event. My travels or whatever else I may feel like talking about or sharing.

Have a great day and God Bless America!!!

Rich