|
By Al Thomas |
|
Divorce and the Stock Market
|
Divorce: How To Survive A Divorce And Move On With Your Life Divorce and Your Credit – Some Tips to Help Your Credit History Survive Divorce Separation and Divorce is Not the End of Your Life Child Support: 5 Key Things Every Parent Should Know Coping with Jealousy and Suspicion After a Divorce The Importance of Choosing the Right Divorce Lawyer How Can Collaborative Law Be Beneficial In Your "Texas Divorce"?
|
||
You may be saying you don’t know whether this is a good time to sell or buy more. Here in one way to make that decision. Analyze the stock or fund you have. If you would not buy more of it now then the smart thing to do would be to sell. And don’t fall for the big Wall Street lie about dollar cost averaging.
Here is another way to determine how and when to sell – let the market tell you. You can place a stop-loss order with your broker for any amount you wish. Say your stock is selling for $20/share. I like to limit my loss to about 10% so I have my broker enter an order to sell me out if the stock drops to $18. If it keeps advancing I raise the stop loss order every week so that it is trailing along behind about 10%. When it advances to $30 my stop would then be at $27.
This way I don’t have to guess about where to get out. Brokers don’t like to do this because they have to watch your account, but don’t let him talk you out of it. You don’t want to lose everything like you might in a divorce. Limit the damage. If you own mutual funds you will have to watch these yourself as you cannot place a stop-loss order; you have to call the broker to tell him to sell.
When you are in a bad marriage things just seem to get worse and worse. You could lose everything. When you are in a long-term bear market as we are now it is the same. Your financial assets become less and less. At least in the stock market you can limit your losses. Don’t call a lawyer, call the broker and get out.
Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.
Article Source : www.womenbrands.com
|
Sponsored Links
Cure Acne Naturally And Permanently Guaranteed Natural Therapy For Removing Mole Wart & Blemish Skin Problem |
|
| Womenbrands.com Slide Show | Womenbrands.com Video Suggestion |
|
8 Things No One Will Tell You About Marriage 9 Beauty Tips Every Girl Should Know
|
Beat The Cold With Your Hot Looks How To Make Facial And Exfoliant Home made scrubs : Egg Scrub For Exfoliation |
|