During and after the market hours I tend to glance at my stock prices on Yahoo Finance, but I don’t really look at my gains/losses as I am currently going very long on my stocks. The little changes no longer concern me.
Turns out Fortune Brands (FO) has been sitting in my lazy ‘ol portfolio gaining green. As of today I am at a %17.72 gain on Fortune Brands which equates to a $270 profit.
I remember Charles Kirk (TheKirkReport.com) saying, “Investors are often willing to hold onto huge losses, but sell too early when they start making huge profits”
Point is, I’m not going to sell Fortune Brands for a very long time. One thing I was proud of was my non-reaction to the news of my gains. When I first started trading my heart would beat faster while just logging in to check my stocks.
I’m beginning to think with a clearer and more rational mind than in the past. I have TheKirkReport to thank for this, I think I might drop him another donation soon!
On another note…..
I started a new business two days ago which I think can make me approximately $200-300 in extra income a month. This business will require even less work than my current online business. I will post the business on this site in about two weeks . Total business costs so far: $9.20