Ten Considerations When Your Stock Portfolio Is Down
In This Chapter
Assessing your needs, stocks, and more
Buying more stock
Looking at different orders and types of purchases
Getting rid of losing stocks when you must
Your stock portfolio is down, or perhaps the Toronto Stock Exchange has taken a tumble. Considering the ways of the world in recent years, is that so shocking? At the very least, it is unsettling, and all Canadian stockholders have experienced setbacks in some, if not all, of their holdings. The best in the business saw some heavy losses, and even legendary investors such as Warren Buffet took it on the chin during the last bear market. But fast forward to today . . . what should you do in the event of lower stock prices? This chapter provides ten actions for you to consider.
Doing nothing doesn’t sound good to you, we bet. “Do nothing? Here I am watching my stocks go down and trying not to freak out, and there you are, you smarty-pants authors, telling me to stay calm!” Well, before you dismiss the idea outright, think it over.