Markets have been down for the last few weeks, your favorite stock, Apple or Telsa, has been down 20% and you are starting to have cold sweats and sleepless nights like it’s the end of the world.
Is it time to panic, call it quit and sell all your shares? or are there any other solutions?
Seriously, you do not need to sell all your shares in a panic. Here are 2 possibilities that could save your day:
👉 Instead of selling, like everyone else, maybe turn this around, and take this as a buying opportunity.
Great investors love to buy when there is blood in the street and everyone is selling, this is where you get bargains and double your money quickly when markets recover. It is your garage fire sale for stocks and you shouldn’t miss it. Grab them while you can, and average down your historical purchase price.
👉 You could also wait for the storm to pass, but this can be nerve-racking, above all when you don’t know why your stocks are down or why the markets are in a panic.
Sometimes the best move is not to move or do anything stupid. Selling at a big loss in a market wide panic is the worst choice you could make.