Hi r/FinancialPlanning, it's Cameron from Nucks, where I write about various topics as I work on building a successful business.
Here is my article about selling my stocks for a $9,299.73 loss this year when the stock markets crashed. I hope you enjoy it!
Intro
2020 will be unforgettable. Americans across the country felt repercussions as our country slowed to a standstill. With forced small business closures, it was inevitable that markets would also take a hit.
Sure enough, on February 20, 2020, the stock market began its steep decline. The stock market crashed and lost 34% from its previous high in a matter of two months.
My wife and I hold a portfolio consisting largely of VTSAX (Vanguard’s Total Market Index Fund), which lost a tremendous amount of value during that time. It’s difficult to watch hard-earned dollars evaporate into thin air, but we invest for the long term, and periods like this are expected.
We put emotions aside and rode the rollercoaster as though our money wasn’t being washed down the drain. Because it wasn’t. Only if we sold and realized the losses would it truly affect our finances.
...
Read the full article here.
Why did I truncate this post? I've been advised that posting the full body/text can be detrimental to my SEO :/ - so hope you don't mind me linking out like this... I promise my website doesn't have annoying pop-ups and is a nice reading experience :)
Submitted May 26, 2020 at 09:09PM by camnuckols https://ift.tt/2X55EWw
