Warren Buffett’s lesser known right hand man Charlie Munger once said, “If you’re going to invest in stocks for the longer term, there are going to be periods when there’s a lot of agony. I think you just have to learn to live through them.”

The last ten months have been very rough to say the least if you are a stock investor. The S&P 500 Index is down 22 percent year to date, but that isn’t representative of the base of the 24 million new investors that have come to the market in the last two years. The fun times are over. Those days of watching stocks go up with quick profits are gone for the foreseeable future it appears. With some of the most darling popular (Meme) companies at the time losing between 50-70 percent, and in some cases, like Peloton Interactive, Inc. (PTON) losing over 90 percent of its value, it has forced some investors to either throw the towel in or turn into unwilling “long-term investors” with companies that may never see the light of day again. Refer to the fallout from the 2000 collapse.

So what should you do now?

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