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Read other letters about this article
The editors choice letters said it all...you only lose if you sell...but I'm sure you are not alone in the uneasiness that you feel, and the upset at knowing how the balance of your account has dramatically diminished.
Your husband made a well-informed and possibly lucky choice this time; how easily it could be in reverse...would you be angry at him?
I have taken the advice of Suze Orman to heart...and I blew it. She said if you can't afford to lose it, it doesn't belong in the stock market to begin with. Rather than pay brokerage fees in the range of $50 each for a number of stocks, I decided to open up an ING account, where there would be a minimal or no fee. But in the time it took for the account to be transferred, the market crashed...and instead of losing hundreds, I am down thousands.
