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WHAT SHOULD AN INVESTOR DO? FIRST, DON'T DO ANYTHING RASH
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Newspaper Article
WHAT SHOULD AN INVESTOR DO? FIRST, DON'T DO ANYTHING RASH
2008
Overview
A: The answer hinges on why you feel you \"can't take\" further losses. If you realize that your stock market money is needed for expenses in the next six months to one year, you should sell, said Ken Kamen, president of Mercadien Asset Management in Princeton, N.J. That's because that money should never have been in stocks in the first place. Q: Everybody says \"hang tight,\" but I remember that in 2000, after the market's initial jolt, the slide continued for two years. Wouldn't it have been smarter to sell out before all the bloodletting? Wouldn't that have saved the long-term value of my portfolio? Secondly, consider rebalancing your portfolio, [Brent Kessel] said. That would likely prompt you to sell some bonds, which have probably increased in value as interest rates have fallen, and buy some stocks. That's precisely the opposite of what feels comfortable, but it's age-old wisdom: \"buy low, sell high.\"
Publisher
Tribune Publishing Company, LLC
Subject
