Disney stock drops $6.24



LOL. I bought my Disney stock 30 years ago. Factoring in several splits, my cost basis is $9.17 a share. Throw in the $100 a quarter dividends, I'm not concerned.
I paid $110 a share for 10 shares, that are now 120 shares.
 


So what’s your point? The market is in a nose dive. I lost nearly all my gains from the previous 9 months.

Wall Street is not for the timid.
 
Dis stock has been a rollercoaster ride for the last year, Up's downs its all part of it. Investors get scared and dump stock, I buy more every time it's down. I'm down around $1400 on Disney today..... I have confidence it will go back up. I'm sure the price increases, new attractions and the streaming service will make for some killer gains.
 
Not clear if the OP is asking for specific buy/sell recommendations or just curious. If you are planning to sell the answer might be different then if interested in buying. In the long run, I would look for stocks of successful companies that provide goods/services many want. Avoid the flash in pan type companies who are mostly driven by hype, where some are trying to chase the next 'big thing'.
 
The stock market itself is overdue for a correction. The housing market is extremely overvalued again. Personal debt statistics are at an all time again. Brick and mortars aka retail are taking a huge hit.

What’s the plan? If you can sit tight. If are currently living below your means & have 6 months liquid savings as an emergency fund, you’re better off then the majority. You can ride it out like the roller coaster the stock market, housing market, and the economy has always been. Never jump out of the roller coaster mid ride.
 

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