Posted At : May 18, 2009 10:32 AM
Use this period of stability to re-position your portfolio and prepare for resumption of the bear market and the NEXT bull market, which is still a ways off. Those who become complacent are often trapped when the market’s primary downtrend resumes. Don’t take this as glum news, as money can be made in this market provided you are positioned correctly. Do not get complacent, put your head (back) into the sand or (back) under a rock. Take control of your portfolio. If you cannot afford another huge drop, do something about it. If you are managing your own money or someone else helped you lose it, and you lost more than you think you should have, wanted to or thought possible, change your strategy and work with a financial professional that knows what they are doing. The destruction didn’t happen to everyone. As this market rises, everyone is going to feel how brilliant they were for hanging in there and having outsmarted the market, even though they have investments they shouldn’t have. The collective “crying in your beer” will come after traders are out, having sold to the unsuspecting long-term buy and hold investor. You don’t have to live helplessly through the next downturn. Use this period of stability to rationally adjust your portfolio before instability and thus ir-rationalization return. I can’t stress this enough. Meet with a Financial Planner that knows what they are doing. Whether it’s me or someone like me, don’t wait until it’s too late. For a free review or 2nd opinion, call me for a review at 916-925-8900. Be the expert, or hire one.
Regards – Keith Springer