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
See what’s inside your ETFs with Sharesight’s exposure report
See inside your ETFs and get the full picture of your investment portfolio's composition with Sharesight's exposure report.
How KmacD Financial streamlines reporting and saves time with Sharesight
We talk to financial planning firm KmacD Financial about how the Sharesight-AdviserLogic integration helps them save time and streamline client reporting.
Sharesight product updates – November 2023
The focus over the past month has been on implementing additional feature ideas relating to our new (beta) exposure report.