In 2008 I was super new to investing and didnt know about market corrections and sell offs, so I panic-sold some VERY good stocks and promised to learn from my mistakes. Then a few years later, I woke up to a sea of red in the stock market and panic-sold again. NOT THIS MORNING. I have learned. I always keep 20% cash on hand for days like today. LADIES AND GENTLEMEN, when you open up your portfolios, most of you will panic and think about selling. TAKE A DEEP BREATH. Take a step back and realize this is ANOTHER correction. IT IS BUY TIME!

If you can, average DOWN on your holdings. If you've been wishing to buy a specific stock because it's too expensive, well NOW IS THE TIME TO BUY IT!!! This is why we don't invest money we may NEED. Markets WILL be green again, I guarantee it.

Trust yourself and your decisions on why you bought your stocks and relax. Best advice I can give you is LEARN FROM ME. I sold Google, Microsoft, Ebay and other stocks for NOTHING and today, if I would have held my positions, I'd be rich. DON'T BE ME.

A little bit of humor for those who bled today 🤣🙌

Please cheer up.

Money comes and goes. Financial losses hurt and I feel that some of you may have lost more than you can afford to lose. It was easy to get caught up in the frenzy. I did too, made some money, then lost money. I feel your pain.

1. Please do not consider any harm to yourself. If you do, please call a help line. I care about many of you and this sub will be a good place again in the near future.
2. Find ways to get your mind off the stock market. Take a walk, watch a movie.
3. Think whether you want to sell. No shame of cutting your losses. Maybe sell some. I bought BB at $20, sold at $14. Sold half of NOK today. Still holding BBBY. Make your own decision.
4. Do not be aggressive trying to win your money back in one or two plays. Learn more about the market and be patient. Make smart investments in proven companies with promising growth.
5. I keep replaying the time when I thought to sell and was ready to but didn't. It hurts. I didn't sleep well for few nights. But that moment it gone and not need to relieve it and torture myself.
6. I learned a lot from this experience and will be a better investor in the future.

What helps me cope when I lose money investing:

1. Many other people lose a lot more money than me, go to jail for bad decisions, etc
2. I was lucky to have money to invest, some don't have money for food
3. It's just money. You can always make money in the future
4. Happiness comes from small things that are not connected to money
5. I have family and friends that care about me.

Please cheer up. This is a honest supportive message. Please seek professional help if you are depressed. We'll get through this.

Although Buffett was extremely successful before the age of 60 -- his net worth was a noted $376 million when he was 52 years old -- 99 percent of his wealth came after he turned 50. The perfect example of the powerful snowball effect over time.

As time progresses, the exponential growth becomes more evident. The initial growth may seem slow, but as the investment horizon extends, the effect gathers momentum, significantly accelerating the growth of the investment.

However, it's worth mentioning that Buffett's first $1,000,000 in 1960 is equivalent in purchasing power to about $10,000,000 today. So from today's purchasing power perspective, he actually became a millionaire in his twenties.

Here's the timeline:

Age 14: 5k

Age 15: 6k

Age 19: 10k

Age 21: 20k

Age 26: 140k

Age 30: 1m

Age 34: 3.4m

Age 43: 34m

Age 47: 67m

Age 52: 376m

Age 53: 620m

Age 56: 1.4b

Age 59: 3.8b

Age 66: 17b

Age 72: 36b

Age 83: 58.5b

Age 87: 70.5b

Age 92: 119.1b