Are your blue chips approaching sell by date?
EquitySmart has helped many clients turn their portfolios around and see them achieve excellent returns on their investments. This is no more apparent now with the market in and around the 6,000 level.
Whilst we are not predicting a market collapse any time soon, the record low interest rates have seen many newcomers to the stock market seeking returns and this has resulted in very high valuations for some Australian stocks.
Our current bull run has lasted for 72 months, well over the 55 month average since 1937.
Now is the time to review your portfolio to ensure that you have all the necessary protections in place to minimise any possible downside should there be a market correction.
We like to hold on to stocks that are performing well and we sometimes are a little reluctant to let them go when they fall in value. This can often see a tidy profit reduced to an unwelcome loss if not addressed quickly.
Why not join us for an interesting Webinar this Thursday night at 6:00pm QLD time where we discuss The Psychology of Trading and find out why we do the things we do when trading.