Scalpuman
Admin
Posts : 1174
Join date : 2009-05-13
 |  Subject: MoneyWeek's - Money Protection Move #1  Wed Aug 26, 2009 5:15 pm | |
| Money Protection Move #1
Consider banking any stock gains
you’ve made this year As you’ve seen, we believe this current rally in stocks is going to end. This does NOT mean you should liquidate your entire stock portfolio. What it does mean is you should 1) be much more careful about the stocks you buy in the next 6 months and 2) take a good, long look at your existing portfolio. As previously mentioned, this might simply entail placing stop losses on positions that are up this year: meaning you still exit in profit in the event of another mass sell-off. You could also consider selling half of a position, leaving the rest ‘in play’. Pretty soon, we believe, sentiment will turn... These bearish sentiments will filter right through the market and investors will start to sell their stocks. That means it’s time to consider selling some of those winners or at least putting your best performing shares on a very tight leash with a stop loss order. But here’s an even more urgent move you should consider... | |
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