Riding the Waves to expanding wealth.

Expanding Wealth Investing advice

 These are trying times for some, exciting times for others. As you know we are experiancing a massive drop in the stock markets world wide because of the defeat of the bill in Congress. But believe me the fear and panic will subside.

Personally I had moved a lot of my funds out of the market but was holding a substantial portfolio. Needless to say those stocks retreated heavily on the downturn. Did I panic, well not really, unless you were off the planet on a holiday on the moon you should have seen this coming. I was prepared to hold stock I new had value and some I get regular dividends from. Honestly though It does look quite alarming when you see your portfolio down 40% and more.

What did I do? I bought some more stock. Silly you say, well I’ll bet London to a Brick, those in the know were buying too, and the  turnarounds in the market will present more opportunity if you are on the ball. Those who saw these opportunities are smiling, popping the celebratory wine corks and grinning from ear to ear.

I wish I could say more, but as I have pointed out on lots of occasions I am not licensed to give investment advice, all I can do is give my assessment and ideas of what I think is happening in the financial world. You must always observe DD (Due Diligence) You must always work with your personal advisor to advance yourself and hone your strategy.

What am I going to do now? I will hold the stock I decided to keep, (even though it’s showing a horrible loss)  I will take a profit on those stocks I bought when the market plunged. I will watch the market and wait as you should too, for any further opportunity and believe me it will come. You should see this downturn as opportunity to investigate good reliable companies, whose circumstances haven’t really changed and put them in your little black book with the price you have decided you will pay for the stock and wait. Protect you profitable investments with trailing stops and take profit when it’s there. You will never loose by taking profit.

I don’t know where you live in the world, but I know this site is now read in several languages, and I say a very warm welcome to those of you who do not have English as your first language. 

These are trying times for some, wonderful times for others. You just have to get on the right side of the coin when it is tossed. Those who buy when all others are selling usually see some profit. Those who bought on the plunge are now on the right side of the coin.

I wish you all well in whatever you do.

MR (ed) Expanding wealth.