Money Money money Be More Be More Effectiveit Effective Selling dud stocks hurts. Do Selling dud stocks hurts. Do it Selling dud stocks hurts. Do it WESTERN NEWS
Tuesday April 19 2016
15
with Debbie with Debbie Mayo-Smithh Mayo-Smith h else entirely. thing In either case,
The index will absorb and mask those dragging the chain you will be making a loss on with but when you sit and look at sale with the aim of making betwith your 20 carefully chosen little CAROLINE ter returns elsewhere. You may CAROLINE stock darlings, three of which or may not “get your money RITCHIE RITCHIE have bombed, it gets bit more back”. However, the idea is to FINANCE real. Rather than wallow, there try rather than stumble on and FINANCE are ways to move onwards and do further damage. Portfolios EFORE the first broker upwards. The first is acceptance. overfilled with sad memories BEFOREEFORE the first ever When it’s 7am, doare you ever hung his shingle thebroker first broker No forward ever annoying money lost, of accomp outside action the door,ishe mustgoing hung hisever shingle the When it’snot 7am,just do you havegood a forfeeling hungoutside his shingle By mind then I’ve written an have been thinking; to happen without it. Completely they on your each good feeling of play accomplishment? the door, must door, he outside must have been he thinktwo,or reviewed and “Getting people to buy shares get over the fact you have time you look. Clean up. Get thesor By then I’ve written an article have been thinking; ing; “Getting people to buy do list as well as finish will be easy, it’s the selling that two, reviewed and sorted my to“Getting people to buy shares chosen something awful. This is dirt off the page and move on. shares will be easy, it’s the sell- will be tricky.” What he first two or three item do list as well as finished the will be easy, it’s the selling that your ouch-moment with pride— Investors gargle with angst at ve ing that will be tricky.” What he Admittedly, though probably didn’t realise was that first two or three items on it. will be tricky.” What he stuff didmore not go your productive, I in stillthe have itadmitting was going to be even taking losses, but they are probably didn’t realise was that Admittedly, though very but have sat up and gr probably didn’t realise was that difficult to get investors to for bail all way. Shares can tank it itwas beeven evenmore more nature of paddling about in this productive, I still haven’t risen wasgoing going to to be laptop. What are we ta on bottom-dwellers than to have sorts of reasons—poor business difficult investorstotobail bail but have sat up and grabbed my difficultto to get get investors pool. Experienced players canhavin about here? It’s them cash in on the winners. theduds. board killed in laptop. What are we talking bottom-dwellers than ononbottom-dwellers thantotohave have choices, morning routine. Note Selling the Theall un-fun sometimes recognise a sinking a plane crash hapabout here? It’searly having anminimise early themcash cashin in on on the routine. pain. part nobody likes(actually to talk about. them the winners. winners. ship and morning routine. Note the word Selling the duds. The un-fun Laura Vanderkam Losing stocks are like sausage pened to one of my 2006 calls), Selling the duds. The un-fun Staying unemotional is vital. extensively studied th meat without a casing — routine. part nobody likes to talk about. commodities implosions and big part nobody likes to talk about. Don’t cling on for miracles or h schedules of various unattractively splattered within Laura Vanderkam Losing stocks are like sausage banks manipulating the share Losing stocks aare like — sausage white knights you’ve achievers for her book the portfolio, exposed for what extensively studied the because meat without casing price. cannot control those Mostthe Successful Peopl meat without a splattered casing— unatthey are.You The tendency is to in love company, schedulesfallen of various highwith unattractively within things and if it all goes to hell— Before ignore them, feed them to the tractively splattered the achieversor forits her book, What the Breakfast. the portfolio, exposedwithin for what people. Keeping feelings The had in common: t under get tough, this finance-cat is stock picking, Most Successful Do they they are. exposed The tendency is to they metaphorical portfolio, for what out of People investing is a talent worth early and almost all of the table forget about used toand it. then If you don’t like the Before Breakfast. The one thing ignore feed them the are. Thethem, tendency is to to ignore aiming for. You’re going routine. to need a morning them. Pride, hope, and they had in common: they got up metaphorical finance-cat under idea of this ever happening to them, feed them to the metaNot all them wor attachment, the usual suspects, it comes time to ditch theof ineviearly and almost all of them had the day with ph the tablefinance-cat and then forget about you, personal please stay with about bank assets began create delusions phorical under the table dogs. a morning routine. them. Pride, hope, and intellectual and spiritu do with badly andtopremium bonds. I know a table and thenthe forget them. what to take a loss well, or Not all ofLearning them worked; many attachment, usualabout suspects, pursuits. performing shares. nice, easy-going fixed interest Pride, hope, and attachment, the least badly, is one ofthethe began theat day withnot physical, create personal delusions about Starting day wi If directly invested, choosing adviser who can assist. usual intellectual andways spiritual whatsuspects, to do withcreate badly personal best to winproductive in the end. or fulfilling individual shares yourself or Once you have canisincrease your ene pursuits. • Caroline Ritchie delusions about what to do with having an adviser do itaccepted for you is the performing shares. a former status as it stands, you going to be felt slightly moreneed to Starting thesharebroker&portfolio day with a and alertness for the r If directly invested, choosing badly performing shares. AFA, day,Investment she noted. than if you plumped into astab productive or fulfilling individual yourself or make anare honest, logical manager. Sheactivity runs If directlyshares invested, choosing Richard Branson is large index. The index will can increase your energy level having an adviser do it for you is at whether recovery for the Stuff, a share market based individual shares yourself or of embracing absorb and mask those dragging and alertness for the rest ofadvocate the service. going to be felt slightly more what if? what if? what if? Resist. class look much brighter, switch. wounded soldier is sit possible. investment coaching having an adviser do it for you morning. the chain but when you and day, she noted. than if you are plumped into a Or, if this experience has Attachment will keep leaping up What is the realistic expected www.investmentstuff.co.nz look at your 20 carefully chosen islarge going to beThe feltindex slightly Richard Branson is also an“I have always bee index. will more riser. Like keeping a p little stock darlings, three of outcome for the company? If the scared the pants off you, lower and trying to distract you. Hope column is personalised than if you are plumped into a advocate This of embracing thenot absorb and mask those dragging which bombed,around it gets bitgoing used toforecast it. If you don’t like the and others your risk buyprofile and buy Staying unemotional is vital. financial advice.outlook, or keeping fit is dreadful in profile yourand risk somekeepshave bouncing large index. morning. the chain but when you sit and up early is a habit whi more real. Rather than wallow, idea of this ever happening to something else entirely. In Don’t cling on for miracles or
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“I have always been an early look at your 20 carefully chosen must work on to main there are ways to move onwards you, please stay with bank either case, you will be making a white knights because you’ve Likethe keeping a positive little stock darlings, three of my 50 years in busines and upwards. assets and premium bonds. I loss on sale with the aim of fallen inriser. love with company, outlook, or keeping which have bombed, it gets bit used tofirst it. Ifisyou don’t likeNo the your risk easy-going profile andfixed buy Staying unemotional is vital. learned that if I rise ea The acceptance. know a nice, making better returns or its people. Keeping feelingsfit, waking up earlyisisa atalent habitworth which you more real. Rather than wallow, idea of this ever happening something else entirely. In Don’tYou clingmay on for miracles achieve so much more forward action is ever going toto interest adviser who can assist. elsewhere. or may not orout of investing must workgoing on totomaintain. Over there are ways to move onwards you, please stayit.with bank either case, you will be the making a“get your white knights because you’veaiming for. and therefore in life.” happen without Completely Once you have accepted money back”. You’re need get overand thepremium fact you have 50toyears business I haveMy advice? Using y status stands, you and upwards. However, the to try assets bonds. I it comesmy time ditchin the lossas onitsale with theneed aimtoof fallen inidea loveiswith the company, moments to f chosen awful. This make an honest, stab at ratherorthan stumbleKeeping on and dofeelingsinevitable dogs. that if I rise early Imorning learned can The first is acceptance. No know asomething nice, easy-going fixedis making betterlogical returns its people. — activitie your ouch-moment with pride — whether recovery theor may notfurther Portfolios to take a loss well, achieve so much more in a unstressed day, forward action is ever going to interest adviser who can assist. elsewhere. Youfor may outdamage. of investing is a talent worthLearning like to accomplish ma admitting stuffhave did not go yourthe wounded soldier is possible. overfilled with sadYou’re memories areto need or at least nottherefore badly, is one of the and in life.” happen without it. Completely Once you accepted “get your money back”. aiming for. going We have over 40 years’ experience truly wonderful feelin Shares can tank for need all $600 will not just annoying fortomoney best ways to win in the end. My advice? Using your early get over the youyou havewith… way. status as it stands, you to Attachment However, thekeep idea is to tryup it comes time ditch lost, the $$ FroM - $20,000 $leaping to fact assist satisfaction. sorts reasons —logical poor business tryingthan to distract you. on yourdogs. mind each morning moments to fit in — chosen something awful. This is makeofan honest, stab at andrather stumble onHope and do they play inevitable Caroline Ritchie is a former AFA, board allfor killed in a keeps bouncing around going time youLearning look. Clean up. Get the • Buying and Selling Houses—and choices, unstressed — activities you’d your ouch-moment with pride whetherthe recovery the further damage. Portfolios to take a loss well, Apply on line now Written by Debbie May sharebroker & portfolio plane crash (actually happened what if? what if? what–if? Resist. dirt off the page and move on. Commercial Property like toruns accomplish makes for a admitting stuff did not go your wounded soldier is possible. overfilled with sad memories are Investors or at least notwith badly, is one the (successis.co.nz). Deb She Investment to one of my 2006 calls), What is the realistic expected gargle angst at ofmanager. FAst ApprovAl • Wills, Trusts and Estate matters truly wonderful feeling of with companies that w way. Shares can tank for all Attachment implosions will keep leaping not just for money ways winare in the end. Stuff, a sharemarket based commodities and bigup outcome forannoying the company? If the lost, takingbest losses, buttothey in the Allreasons issues facing you and your business; we can sayforecast yes when satisfaction. sorts•of — poor business and trying to distract you. Hope they play on your mind each effective staff. For mo investment coaching service. banks manipulating the share is dreadful and others in nature of paddling about in this • Employment Law matters; Caroline Ritchie is acan former AFA, choices, the board all killed in a keepsYou bouncing going time you look. Clean up. Get thepool. Experienced Banks say NO sign up for her free mo www.investmentstuff.co.nz price. cannotaround controlthe those class look much brighter, switch. players Written bypersonalised Debbie Mayo-Smith sharebroker & portfolio • Traffic happened matters; plane crash (actually what if? what if? goes whattoif? Resist. dirt the page andhas move on. sometimes newsletter successis.c This column is not things and if it all hell — Or, ifoff this experience recognise a sinking Debbie works manager. She runspain. Investment Earthquake related issues; and tough, to one of •my 2006 calls), What is the expected newsletterapn.htm. financial(successis.co.nz). advice. this is realistic stock picking, get scaredInvestors the pants gargle off you,with lowerangst at ship early and minimise with companies that want more Stuff, a sharemarket based commodities implosions and big taking losses, but they are in the • Advice regarding Retirement Villagesoutcome for the company? If the effective staff. For more tips, investment coaching service. banks manipulating the share forecast is dreadful and others in nature of paddling about in this sign up for her free monthly www.investmentstuff.co.nz price. You cannotCall control those class look much brighter, switch. pool. Experienced players can John, Brendan or Andrew newsletter successis.co.nz/ This column is not personalised things and if it all goes to on hell sometimes recognise a sinking today 03— 366 8996 toOr, findif this experience has newsletterapn.htm. financial advice. tough, this is stock picking, getwe can help scared lower Usship early and minimise pain. out how you. the pants off you, CAll now
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