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September/October 2017
Make the Best of a Bad Decision
Everyone makes mistakes. But when it comes to investing, making a poor decision can sometimes cause more regret than is warranted by the blunder. Take a look at a few common moves that sometimes cause investor remorse.
Selling on an Upswing
A rising stock price may prompt investors to sell their shares and take their profits. And that can be a smart move. But what if the share price keeps rising? Instead of being happy about the profits they made on their sale, some investors might regret selling and missing out on additional gains.
It’s very hard to determine when a stock has hit its peak. It’s equally possible that the share price could have moved in the opposite direction. Cashing in on gains means you’ve made a profit on your investment — and isn’t that the point?
Hanging on
Watching a stock’s price drop is never fun, so investors may wait longer than is reasonable before selling their shares, hoping for a turnaround. But waiting too long can lead to regret at not selling sooner. While it’s impossible to know what a stock will do in the future, selling a losing investment may have a positive side: For tax purposes, any losses can be used to offset gains on other investments.
Waiting to Buy
Instead of buying a stock they like when share prices are low, investors sometimes dawdle until the stock’s price skyrockets. Then, to make up the gains they “missed out” on, investors may take more risk than they’re comfortable with.
Your best defense against miscalculations: a well-designed investment strategy based on your goals, time frame, and risk tolerance.
FR2017-0504-0006/E
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