Originally posted by rams78110
Lost almost $200 this week thanks to Walmart's shitty stock.
Put money in stocks they said. It'll pay off they said.
nb4youhavetowait
I am an American college student, I demand positive results immediately.
Don't consider it 'lost'. It's only lost if you sell at that price. Biggest advice for someone relatively new to investing is not to jump at the first drop of the rollercoaster (simultaneously if you don't really know what you're doing, don't try and jump on and off it). If things drop and you do have faith in a stock, consider buying more...not selling what you bought. Buy low, sell high sounds like such a basic principle, but you'd be surprised how many people violate it, especially when times are 'bad'.
I'll give you an example. Prior to the recession, Goldman Sachs was rocking. They were an absolute Wall Street powerhouse. They had record earnings and revenues despite the early rumblings of subprime lending issues. Between 2005 and 2007 it had grown from ~100/share to ~240/share. With the recession, Goldman Sachs went from the 200s all the way to about 50/share. A ton of people jumped out of the market. Others were in the sheer panic mode and took their losses. Less than a full year from hitting its low, the stock had recovered to almost 190/share.
Goldman Sachs more or less paid for my masters degree.
