I Didn’t Buy Low
Should I have?
If you were on Twitter on Tuesday night, you might remember this tweet:
Earliest projections: At least one trillion dollars of investment value has been wiped out tonight. So far.
I sat there on my second-cheapest Ikea sofa and I thought “I need to invest in my Roth IRA right now. I know the markets are going to rebound, that’s how this works. I expected this would happen and I even made myself a to-do to watch the markets on November 8–9 and buy when things got low.”
And I didn’t do it.
Because I felt bad. I didn’t like the idea of profiting off this kind of event. I hadn’t put together that when the markets drop so quickly that they trip the circuit breaker, a lot of people are feeling really anxious and uncertain about something.
I had my own anxiety and uncertainty, and doubled up on this was my weird anti-Rhett-Butler sentiment of “I cannot use this moment towards my own gain,” which makes no sense because buying into the stock market at a time in which it is plummeting is a good thing. Having faith in in the market when it is low is a good thing. It will benefit me and it will benefit the entire market, right? This is what I am supposed to be doing.
But I didn’t do it because I felt ashamed of myself.
Should I have? Did you?
Support The Billfold