Why one needs to remain long..
At the beginning of five years value of TESLA stock was not much. By the year 2021 it reached its peak of over 400USD per stock.
With the onset of COVID, several companies have seen changes in their stock value. Some went up, and some remained same, more or less. One may need to pay attention to see which ones decreased in value.
TESLA nevertheless although decreased in value, the stock price was once again increasing by picking momentum, in small amounts.
Few months back Jiji's friend invested some resources (from selling off the other stocks, and recycling them) in TESLA. However, suddenly when TESLA lost it’s value and stock price went down from 292 to 220 or below, her friend panicked and every one of her investments went Sell All. She tried to salvage whatever she could by taking losses.
Jiji has not given any advise, since she did not know about it.
After a couple of months as the Stock price was once again hiking, Sundari called Jiji and started opening her bag of woes. She was sorry she sold out all those stocks away.
Jiji’s son was listening and said, “well, aunty, when you invest You need to keep emotional balance too. Even though stock prices go down, it should not really matter because, they will be unrealized losses if you keep faith and be patient.
Some of the stocks increase their value, it is fine. Even though the values are increasing the gains are unrealized…”
Rom was explaining her in detail, and Jiji was telling herself.. equanimity..”
It is rather wise to remain balanced and go long that panic and go short, even though sometimes it may add value..
