Tax and Money Tip of the Week
Money Tip – Investing 101
October 26, 2011 | No. 65
This week we have a more tips 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 investing today, that our parents may not have taught us.
KEY LESSONS/considerations in Managing Your Money in the new environment:
- It’s OK not to play.
- Have a goal and an exit plan.
- Never fall in love with a stock/mutual fund.
- Always have a sell stop loss, mental or actual, decided.
- In trendless, indecisive markets, be agile and nimble. Take gains quickly.
If you need help navigating your financial direction, feel free to contact us.
Questions or Comments?
Mark Vitek, CPA/PFS, CFP®
…until next week.