Trading by headline is a sure way to lose money
Q – I have both mutual funds and exchange-traded funds in a self directed brokerage account. They’ve suffered some pretty big losses over the past couple of weeks. Should I be selling my equity funds and switching to cash to protect my investments in this volatile time? – Asked by J.B.
Not necessarily. First of all, don’t panic! Markets fluctuate and regularly experience periods of volatility. During especially uncertain periods, as we’ve seen recently, it’s best first of all to review your financial plan and revisit your investment objectives to ensure your investment portfolio is still in line with your goals. If it is, then you should be able to ride out the storm. READ MORE