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  • Not vetted for CNN

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    Posted March 11, 2009 by
    MichellePK |
    Location
    Cliffwood Beach, New Jersey
    Assignment
    Assignment
    This iReport is part of an assignment:
    Are you afraid to invest in the stock market?

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    Hanging On

    By MichellePK  |  Posted March 11, 2009  |  Cliffwood Beach, New Jersey
     

     

    I have invested in the Stock Market for years.  I don't have a financial advisor, I make all my picks myself.  I have done quite well over the years, until now.  I've lost most gains from the last five years.  Luckily, I'm diversified so I think I will be ok over time,  I do believe that things will get worse before they get better. However, I'm not retiring for another 18 years so I have time to wait for a recovery.

     

     

    I have bought and sold a few stocks in the last couple of months,  For me it is a day-by-day decision.  What was a good plan six months ago is no longer valid today.  Next week I may have a different take on things, but right now, I'm hanging on and waiting for a good opportunity to buy or sell something.

     

     

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