Tip #12 - How NOT to handle a share market downturn
Every week we post a tip that we hope will help you become a successful share market investor.
Tip #12 — How NOT to handle a share market downturn
First, dither around for some considerable time trying to decide if the price falls are short-term and will quickly bounce back or the start of a serious price slide. Second, once it is clear that this is serious, sell up after most of the damage has been done and take a bath. Third, watch the market recover while you try to decide if this is a minor price spike or an ongoing recovery. Finally, once it is clear it is a sustained recovery and you have missed most of the gains, reinvest your remaining funds and wait for the next price fall.
This information is not a recommendation nor a statement of opinion. You should consult an independent financial adviser before making any decisions with respect to your shares in relation to the information that is presented in this article.
FURTHER READING
The importance of investing for financial stability: Shani’s story
We talk to Shani Jayamanne about her investing journey and why she believes investing is such an important tool for financial stability.
Sharesight product updates – March 2024
This month's focus was on adding support for thousands of exchange-traded commodities, improving CSV import functionality and refining the new holdings page.
5 ways Sharesight keeps your data safe
Here at Sharesight, we maintain constant vigilance around cyber security. In this blog, we discuss five ways Sharesight keeps your data safe.