Wednesday, October 22, 2008

Should I Sell my Shares?

In short, NO NO NO!!!! Do not sell your shares not matter what people are saying! Right now is the time to buy more shares as you would be cost averaging the price out and if you are able to put more funds into shares right now then it is an ideal time to do it.

The only time you will realise a loss is on the physcial sale of shares so if you're portfolio has dropped in value it is time to buy up on the quality stocks you hold and lower your cost average price.

In the long term it will be well worth the cash outlay as it will take less time to recoup your (Paper) losses if you lower your entry price.

Remember these key words, buy in gloom and sell in boom!!

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