One of the crazy things about stock market investing is that we can unload a stock on a whim. We could spend three decades owning some Exxon stock passed down to us from our great-grandparents, collecting the dividends and adopting the perspective of a long-term business owner, and all of a sudden, we could sell it all after waking up in a cranky mood one day, logging into our brokerage account on our computer, typing in the three letters “XOM”, and then clicking “sell.” In the wink of an eye, you can undo decades of sedulous business accumulation. I find it scary how easy it is to undo a good thing.
Go old school and get a stock certificate so that you can have a physical representation of your stock holdings. Ever wondered why people are much less likely to panic sell real estate than their common stocks? Real estate … Read the rest of this article!