How you lose money by not doing things yourself, and listening to Brokers can be very much questioned. No one cares more about your money more then you.
As you can see in this chart; this stock climbed to a height of almost $128.00, and then fell to about $110…. If you panic and ask your broker to pull out your money before the market has time to recover from such a drastic drop is a mistake.
As you can see by the chart I posted here is the same thing your broker is seeing on that time and date.
$18 a share loss can really hurt your account. Looking to lose $18. a share plus your dividends and earnings doesn’t hurt the broker, and he should be talking you out of your worry. It could mean whether you go on that next fishing trip if not hurt your food budget.
In just 12 days the account took a hit, and recovered to $120 in almost the same time. Now if you did your own stocks… you could have sold it before it drop so far. When the market showed you a strong climb…. buy back in.
So your out come over that month you would have been able to buy in at a discount for the same amount of shares, AND put $1000 to $1800 per 100 shares that month.
If I can learn to make a little here and there… you can too. As I say I am not a broker I have learned on my own.
Need help understanding something drop me a comment or question. You may not make a lot of money, but you should be able to put some change in your pocket. If not there is all ways Walmart or McDonalds.
Retire, and then there is retire well.