What Should I Do?

Well, you may be asking yourself the question, "what do I do with my money when the market is so crazy?"

I completely understand, the first thing you need to do is to step back and look at the complete situation. Look at it for what it is as a whole and not at its segmented parts. If you look at the Media, they will focus on the individual bank stocks that are going down or any other single company that's having trouble. They will make you panic and think your best bet is to simply cut your losses and take your money out. What you, as an investor, should be doing right now is capitalizing on this 'panic' and be a buyer of 'clearence' goods. What do I mean?

Well...my wife for example loves to go shopping, imagine that! She just doesn't go out and chase the latest and greatest thing, actually what she does really resembles the market. While everyone is out there chasing the 'hot' things, she is out there looking for the things passed over or the things on 'clearence'. She almost always comes back with bags full of things bought on 'clearence', which cost about the same as just a few of the 'hot' items would have.

This is what I do...
When things are dropping based on the news of other stocks I go 'clearence' shopping with money ready to buy and capitalize on false drops based on panic. Almost always these false drop stocks will be up the next day or within the week, becasuse they fell on panic and not on actual reasons. You can only do this if take your eye off the 'hot' stocks, the ones making the news and look at the big picture, what's being effected by the 'hot' stocks. Persevere through this and keep some cash on hand and ready for the 'clearence' items.

If you want help navigating through this market or have any questions at all about your financial picture, let me know, I would be glad to help.

Keep making Sense...