Anonymous
It seems like all the stocks are being hammered quite badly during this period right now when the markets opened. What do you think we should do as investors?
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Pang Zhe Liang
09 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Go back to your investment objectives. If you haven't done a portfolio review for a long time, then now is the best time to do now.
Review what you are currently invested into, and whether any change is required. Rebalance the portfolio whenever necessary to ensure its stability.
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Don't panick sell, Buy stocks at cheap prices, Hold for the long term!
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If you are holding on to stocks of fundamentally strong companies, I would suggest you to ride out this period unless you want to use the funds for other purpose. Granted, it takes a toll emotionally to see the stocks tumbling, but I guess all we can do is pray and wait.
Otherwise, it is time to track the market. Alot of stocks are now on a "discount" due to the excessive fear selling, even though their businesses are not fundamentally affected by the ongoing virus / oil price / interest cuts. In the meantime, build up your war chest (or bullets) and do your research, and when the market becomes more stable, it'll be time to act.
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Rais M
09 Mar 2020
Accountant at SME
As a long term investors who strongly believes in the stocks that I have purchased, I can only think...
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If u r long term investor, u should not b worry and get yr warchest ready. Buy in every 10% dip by splitting the money to 5 portion to average down yr purchase price. Just my 2 cents