Wednesday, January 04, 2017

Not Chasing This Market

With the begining of the year rally, several stocks are running away from my buy point.Though I'm tempted to just buy the stocks, I'm resisting and going to wait to buy them at my desired price.  It's too easy to get caught up in the enthusiasm and have buyer remorse when the stock price reverses.

So I continue to be patient and wait.   And I will wait.

In the meantime if the market keeps going up, I will use the opportunity to sell and take some profit in current holdings.

For more on The Practice of Personal Finance, check back every Wednesday for a new segment.

This is not financial advice. Please consult a professional advisor.

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