Re: Investors urged to diversify, look for bargains despite downturn

William — Tue, 07 Oct 2008 11:15:12 -0000

If you have a portfolio, you have to be diversified. Most losses are caused by panic, but if you are smart, you don’t panic. I had a diverse portfolio I was tracking at the time of stock market crash of 9/11. Stocks were dropping and my portfolio was down by 30 percent. I choose not to act because if I sold I would have been at a loss and I just hung in there. Within a year, my portfolio was finally at break even and I had actually had gains by from the dividends. The market continued to grow and my portfolio followed suit.
The lesson was not to panic and to be smart about the companies you are invested in. If you have an economy that is faltering, look for indicators like http://www.buymyhousebefore... sites like these tell me that banks are in trouble and not to have stock portfolios in my portfolio but maybe have companies that deal with foreclosures in the portfolio. Look at companies that do well in hard economic times.

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Re: Investors urged to diversify, look for bargains despite downturn