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The Next 5,000 Points for Stocks

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I have no idea if the next 5,000 points for stocks will be up or down. But I do know your ability to stick with your plan will be tested in a 5,000 point drop.

Don’t forget how easy it is to lose money. It may have been a while since some of you have worked, but remember how hard it was to save your money.

Next, think about how you felt the last time the stock market took a big hit. Were you able to stick to your plan?

Remember, you can’t control the market. But, you can control how you deal with it.

In my experience investors discover they can’t tolerate losing money until after they lose it. And they complain about the market.

I know how you’ll feel if the market goes up by 5,000 points.

But how will you feel if the market falls by 5,000 points?

Be honest with yourself.

Imagine how great you will feel if you can handle big swings in the market and not question yourself?

dow chart

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.