Tax and Money Tip of the Week
Money Tip – Investing 101
August 24, 2011 | No. 57
This week we continue our series on investing concepts.
This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.
Considering all the volatility over the last few weeks, here are some thoughts to consider for investing today, that our parents may not have taught us:
- Always limit your losses on any stock or mutual fund to 7-8%; frequently, you can limit your losses sooner. Let your gains run.
- Know when its time to sell a stock or mutual fund.
- In today’s market, know how to be agile and nimble when necessary.
- ALWAYS protect your capital.
More on investing next week.
Questions or Comments?
Mark Vitek, CPA/PFS, CFP®
…until next week.