You have good reason to be nervous. Anyone who had just seen their retirement account take a big haircut would lose sleep. The question is, what do you do next? Here’s the thing: if the recent drop rattled you in any way, you have a big problem. May’s “stock market crash” was barely a ripple in one of the calmest financial markets we’ve ever seen. Because most people overestimate their risk tolerance during a bull market, they often get whipsawed during a downturn.
Thankfully, there are answers. If you were ruffled by the recent correction, then you need to take immediate corrective actions. By following the next six steps, you can boost your chances of surviving whatever “Mr. Market” throws your way next. 1. Sell to the Sleeping Point, 2. Load Up on Bonds, 3. Focus on Dividends, 4. Have a Plan, 5. Turn Off the News and 6. Recruit an Advisor.
Source: Income Investors
Related Articles:
- A Winning Investment Strategy
- 5 Dividend Stocks With A 20% Yield In 20 Years
- 4 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 2.7%
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Three dividend-paying pharmaceutical investments to purchase amid the COVID-19 crisis avoid focusing solely on the top contenders for develo...
-
You don't need to pay a big price for a large payout. There are plenty of stocks trading in the single digits that continue to pay regul...
-
After a four-month run of steady gains, September brought sudden, sharp, losses across the board. The NASDAQ, which peaked over 12,000 on Se...
-
There are 65 so-called “dividend aristocrats,” which is the name given to companies that have managed to increase their dividends for 25 con...
-
There is no doubt that being an income investor in today’s bull market isn’t cool. But then again, it never is. No one likes to focus on div...
-
Recently, this stock has outperformed the US Telecom ETF, IYZ, over the past month and quarter, but it still lags IYZ and the S&P over t...
-
Today, we’ve pulled up three ‘Perfect 10’ stocks, which are also fine defensive plays, with dividends yielding 5% or higher. At a time when ...
-
The current correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in ...
-
This stock has been an up and down ride, which we've held on for, due to the very attractive yield over cost. Management was able to inc...
-
Looking for more security in the high yield space? Maybe you should consider preferred shares, particularly cumulative preferreds. This secu...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.