What else can we do with that money?
That’s the question we always want to ask ourselves.
I get asked all the time, “Hey JC, I own this stock, it’s down x amount and I’m not sure what to do?”. Man if I had a bitcoin for every time I got asked that one.
To me the answer is very simple. If you woke up that morning and you could do anything you wanted with that money, anywhere in the world, with any asset class, is that stock what you would buy?
If the answer is no, then you know your answer. Go buy whatever you want to buy. Transaction costs are nothing these days, so the pennies on that are no excuse to sit in something costing you way more. [Read more…]