Real investors don't panic. Well, sometimesthey do. Market movements are often sensationalized and price drops can be jangling on anybody's nerves. You've seen the headlines before and you'll see them again: "Panic Selling Hits Wall Street."
When your stomach churns as your portfolio's value drops, remember your commitment to long-term investment goals. Easier said then done? Not really. Try these six remedies: Remedy 1: Review your investments.Why did you buy the stock or fund in the first place? Check to see if the fundamentals have changed. Do they prompt a wise decision to sell or is the overwhelming evidence to keep holding? Tip: If you do decide to bail out, consider selling just part of your holding. That will keep your options open. |
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