Should we sell our stock? Clueless - please help!

[hotcouponmama]

Probably I didn'y make it clear enough. To be familier with the company names and products can be a start to watch and research the company, but not the only reason we buy the stock. We cannot be biazed by emotions and feelings when in comes to money. People who know have choice.

Years and years ago my DD played (on paper) with Mattel and Hasbro stocks, she picked it because they are toys co.s, items she was familier with at 8 y.o. Not good selections at all.

Disclaimer: I keep very few stocks more then a couple years, rather trade then ride all ups and downs. I'm proud of selling most of my tech stuff in Feb. of 2000.

Yeah, if you got out in 2000 - that was TOTALLY the right move. We did too cause although we didn't have a ton in there, I wasn't going to watch it all go to heck in a handbasket.

I was at a workshop once and the the instructor was relating a story about money and I have kept it with me to this day.

He asked the people in the room who were all business owners this question:

"How often do you do your books and look at your checking account?"

Then he followed up with:

Quarterly? A few raised their hands.
Monthly? And some people raised their hands.
Weekly? Many raised their hands.
Daily? Only a few raised their hands.

But, the few people who raised their hands about being in tune with their money DAILY had the highest level of prosperity of anyone in the room. And so I have done that religiously in the last four years, and I have watched our own net worth double in four years.

I think no matter how you come to the conclusion to jump in and invest, it's worthwhile to be vigilent about how you handle your money.

[MaryMary]

Yeah, if you got out in 2000 - that was TOTALLY the right move. We did too cause although we didn't have a ton in there, I wasn't going to watch it all go to heck in a handbasket.

I was at a workshop once and the the instructor was relating a story about money and I have kept it with me to this day.

He asked the people in the room who were all business owners this question:

"How often do you do your books and look at your checking account?"

Then he followed up with:

Quarterly? A few raised their hands.
Monthly? And some people raised their hands.
Weekly? Many raised their hands.
Daily? Only a few raised their hands.

But, the few people who raised their hands about being in tune with their money DAILY had the highest level of prosperity of anyone in the room. And so I have done that religiously in the last four years, and I have watched our own net worth double in four years.

I think no matter how you come to the conclusion to jump in and invest, it's worthwhile to be vigilent about how you handle your money.

I believe in life besides your finances... None of my debit accounts (my own money, not credit cards), including business checking, have high number of transactions, most of them do not need daily watch.
Some of my investments needed to be watched daily or even couple times per day, some of them I do not touch monthly unless something dramatic happened. What is most important to me is to have a plan, an objective why did I enter a certain position. Scheduled "maintanance", daily or annualy, is to see if that objective is still here. And if I'd go for P&G it is not going to be just because I use lots of Pampers and Tide.

But you are absolutely right, everyone need a solid working approach to how to handle their money.