im not an idiot.
From this perspective this statement is suspect.
You've said you have a history of gambling and, apparently not successfully. You've had that experience. You know the emotional high you get by taking the chance. You know you had a problem with choosing your bets in the past.
You should have felt those same emotions luring you into this bet. You didn't learn from your past.
Regardless, you are now in a position of your own making and "buyer's remorse" may be grating on your mind from all this negative feedback.
If you are really able to afford this investment without selling the farm, and you yourself indicated a 3-5 year timeframe to see this through, then I have some more advice for you.
Don't break under the pressure and sell out your investment. You are in it now and to dump it is a sure loss. Your best move, at this point, is to ride the bumper car and hope your prognostications are correct.
What I'm concerned about is, now that you have made this error, you will be susceptible to remorse, embarrassed at the error and the need to correct the error by selling out at every down tick.
Don't do that.
You're willing to give it a 3 year stint ... do so.
And stop looking at the daily market. Ignore the daily shifts. Every quarter you check the market. If/when there is an uptick that gives you a clear break-even or gain after expenses, then you can sell.
You made a bet. Consider yourself under contract like a come bet in craps. You cannot bring it down until the future is revealed.
Edited by AZPaul3, : No reason given.
Eschew obfuscation. Habituate elucidation.
™ Version 4.2
