If you weren’t planning on selling your stocks before the market began its decline, remember that stocks are long term investments. Many successful investors hold the same investments for 20, 30 or 40 years. By selling your investments, you may actually be locking in any current market losses.
Instead, reevaluate your portfolio periodically so that you can ensure you are properly balanced and only sell the stocks that you feel will not help you with your future investment goals
This type of behavior takes patience, discipline and faith in our markets.
DON'T LET YOUR INVESTMENTS TAKE A VACATION
Summer is here, which means it’s time for vacations. But there’s one part of your life that should never go on vacation, and that’s your investment portfolio.
How can you keep your investments working for you in all seasons? For starters, don’t stop investing. No one can predict when a bull market will begin, but history has shown that the biggest gains typically occur during the early stages of a rally. Of course, past performance is not a guarantee of future results.
Also, don’t let your portfolio drift. If you buy a few investments here and there, without rhyme or reason, your portfolio probably won’t work as hard for you as it should. Instead, try to develop a solid, cohesive, long-term investment strategy, one that accommodates your risk tolerance, time horizon and specific goals.
Instead of giving your investments a day off, do what you can to keep them gainfully employed.
Contact Wendell at Edward Jones www.edwardjones.com.
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