Stop Look and ListenSubmitted by QSSA - Better Financial Solutions for Life on February 6th, 2018
Okay, Yesterday we saw the stock market take a big hit but now’s not the time to react. You can’t time these things and there is little you can do during a market slide expect maybe lock in losses. You really need to stop look and listen to what the market and individual companies are telling you before you jump back in. If you don’t have an investment plan or an advisor who is reviewing this with you then you need to get one.
I’ll leave it to the pundits to examine why this happened yesterday. My evaluation of this market correction is that we kind of expected but maybe not so fast or so extreme. When I look at this markets fundamentals everything still looks very positive to me. Corporate earnings are up, the economy is growing, inflation is still in check, taxes are low, money is coming back into the country, corporate earning are increasing, companies are making investments for growth, employment is up and earnings are up. After my careful evaluation, this market correction should lead to buying opportunities.
Now is a great time to review your plan. Adjust your portfolio, correct your targets and reaffirm goals. Stay on course and make intentional moves. Don’t blow up your portfolio you have believed in until now. Take a look at some companies that may have had an over correction and until now may not have been priced right for you.
Some companies I’m looking at this morning include Johnson & Johnson (JNJ), 3M Company (MMM), Adobe (ADBE), Micron Technology (MU), Cypress Semiconductor (CY) and Exelixis (EXEL) to name a few. I’m sure there a lot more out there but with the little time I have had to research I’ll start here and these companies fall into my investment style. Before investing, you need to do your own research.
Note: I do not currently own any of the above-mentioned securities.
As big as this correction was the market still has had a positive run and I believe for individual companies and segments there is more to come. I appreciate that market fluctuations can be upsetting but I also believe that missing just a few day of a positive market correction can also be very costly.
Be positive and invest wisely.
Contact me. I welcome your comments and your questions. I would love to help.