What do we do now. If I was wise I would have investment in and taken advice from American FX who forsaw this calamity and traded well in the market to make great financial gains. INstead my worth plummeted. I did not see the benefit in short selling the market instead I went on a buy and hold philosophy thinking that our market which had risen to great hights would stay. So now that the market has fallen do I sell the rest of my investments which have already taken a loss and wait for the market to go lower and buy again? Or will the market increase and I will be able to claw back the money I spent to break even.
I do feel happy to know that I was able to dump
lots of my share before the big crash hit.
I was under the impression that the valuation of several companies I was
invested in was a bit high. I was able
to make a nice profit by letting those go at a much higher price then I purchased
them at. So now the question is do you
buy low and sell quick before the market jumps back up. The roller coaster has been constant and to
be honest I am not a penny trader nor do I like to buy and sell on a day to day
basis. I prefer to instead buy and hold valuable companies and see them grow.
I think investing in companies that are bound to succeed is the best choice and now more then ever investing in companies that have the capability to thrive in bad economic conditions is a smart move. As always we are not giving financial advice only talking about the market as it is. For Financial advice see your local broker, investment firm, or attorney.
I think investing in companies that are bound to succeed is the best choice and now more then ever investing in companies that have the capability to thrive in bad economic conditions is a smart move. As always we are not giving financial advice only talking about the market as it is. For Financial advice see your local broker, investment firm, or attorney.
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