Broke Millennial: Follow Up

          

          If you’re a young professional looking for a blog that is focused on tips and helpful hints for your own personal finance, there is definitely something for you over at Broke Millennial. Their post, "The Day I Got Bullish with Money", really peeked my interest and addresses an issue that most investors/brokers seem to overlook. Obviously your own personal stock broker isn’t going to go in depth with you about the possibility of you losing money in the market, but it is worth recognizing the risk you are taking on. While many people are very risk adverse and aren’t going to be dealing with losses that make them choke on their cereal in the morning, loss is part of being invested in the stock market. One quote by Broke Millennial’s dad was very interesting, I thought. He stated, “There have been big drops before and there will be big drops again. But what gets you in trouble is when you get scared and try to take all your money out.” This is exactly what most people don’t understand. There are very, very few stocks where you’re going to wake up every morning pleased with how high it is at the open. Just because you wake up one day and your stock is down, doesn’t mean it’s time to pull all of your money out of Scottrade and put it back in your savings account making .1% interest. If the stocks you are in are too volatile for your liking, it is time to reevaluate who you are invested in, not whether or not you should remain invested. Check out Broke Millennial’s post “The Day I Got Bullish with Money” here.