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5 Rules For Surviving A Bear Market

posted January 22, 2008 - 8:05pm
5 Rules For Surviving A Bear Market

The signs are remarkably clear: A bear market in stocks is on its way, and it's time to bear-proof your portfolio as much as you can.

If the idea of selling low makes you cringe, think about how you'd feel when stocks dropped further. There are five things you must do sooner rather than later --

Website:

http://articles.moneycentral.msn.com/Investing/Jub...



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I Disagree

MTaylor - Thu, 2008-31-1 6:12 am
I enjoy Jim’s Journal. I think his postings have a lot of good advice. But I respectfully disagree with the one in this link. I don’t think he’s wrong necessarily… I just have a different view on a declining market. I don’t believe in following the crowd… when everyone else is panicking and selling their stocks in droves, I believe it’s the perfect time to be buying. You can pick up designer stocks at thrift store prices. Now if you have a bad stock that is tanking, by all means get rid of it, and fast… you should have never bought a bad stock in the first place. But if you have a rock solid stock (P&G, Coke, McDonald’s, Wells Fargo, etc.) that is declining because of this bad economy… you should be buying more, not selling it.

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