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!!
Showing posts with label shares. Show all posts
Showing posts with label shares. Show all posts
Wednesday, October 22, 2008
Tuesday, October 14, 2008
Wall Street to be Bailed Out
The global economy is still struggling although with the recent injection of funds from the US government Wall Street rose by a full 11pc from the opening bell. Will this have a profound effect on the overall economy? Yes, without doubt what the US is doing will have positive effects not only on the US economy but also the global economy.
The reason for this is that the world looks to the US for financial direction and with at least some signs of life now showing through the global impact is far greater than the average person realises.
The world leaders are now looking to work together to put in place a world wide financial architecture which helps smooth out road bumps along the globes financial journey. Not since the end of WWII have world leaders considered working together to form a more stable financial system and this can only be a good thing. For more information and a great read check out this blog.....
Unfortunately it is only in times like these that world leaders come together to achieve a common goal. Does this mean that demarcation lines will be crossed and the micro financial focus will become macro? One can only hope that this utopian ideal is realised, if this does come to fruition then I truly believe the world will move to an even more united front not only from a financial perspective but overall.
Does this mean we will have a global government one day? Yes, perhaps not in this lifetime but it certainly seems that we are heading that way and when the world comes together we may well see peace and prosperity of a different kind.
The reason for this is that the world looks to the US for financial direction and with at least some signs of life now showing through the global impact is far greater than the average person realises.
The world leaders are now looking to work together to put in place a world wide financial architecture which helps smooth out road bumps along the globes financial journey. Not since the end of WWII have world leaders considered working together to form a more stable financial system and this can only be a good thing. For more information and a great read check out this blog.....
Unfortunately it is only in times like these that world leaders come together to achieve a common goal. Does this mean that demarcation lines will be crossed and the micro financial focus will become macro? One can only hope that this utopian ideal is realised, if this does come to fruition then I truly believe the world will move to an even more united front not only from a financial perspective but overall.
Does this mean we will have a global government one day? Yes, perhaps not in this lifetime but it certainly seems that we are heading that way and when the world comes together we may well see peace and prosperity of a different kind.
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