Article: Six Things To Do In A High Risk Market
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Six Things To Do In A High Risk Market
When the market turns against you, what should you do? Sell everything? We discussed that choice in a recent column. Selling everything draws your ?line in the sand? and announces that you have determined there is no future for you in the market.
There are other steps you can take when things start moving against you. Here are 6 actions you take today to help protect the money you?ve worked hard to get. In my next article, I will share several more ways you can help protect your stock market and mutual fund investments.
1. Decide at what price you will buy the stock or fund if it pulls back. Take a long look at where the stock has been the last few months. Has it gone up without any kind of break? It may be due for a pullback. WRITE DOWN your reasons for buyin...
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