It may be silly to you, Champ, but every situation is different. For me, I have no 401K. At my age, I rely on my retirement pension from the USAF and Social Security.
I have no other stocks. The company I invested in was ASTRA, a startup that is (supposedly) building a new class of small rockets. It was valued at $2B, but I'm beginning to think the founders would always go the way they have. I don't think it's an accident.
And just to be certain, the stock market is simply one fool selling to another. Anyone who looks at it knows that with minor exceptions, once the stock is sold, the company has no real obligation to care if the stock goes up or down.
I thought it would go up, but more importantly, I thought it would do something good in an industry I supported for many years. I was wrong.
