Ever go into a store and see those bins of DVDs or candy all jumbled up with a low price sign? There is a science behind that. By jumbling them up, you want to buy them – they’re on sale! Just like your shopping cart is deep because its larger size makes it look like you haven’t bought anything – so you tend to buy more. Well, the stock market doesn’t have bins or carts to use. But when prices are down, one might say that the market is “on sale”. Now may be an opportunity to take advantage of some lower prices and add to positions, reallocate your portfolio, and consider some sectors where there may be some potential. We’ve been busy placing buy orders for clients who seek the potential for the “bounce”. We cannot make any promises or guarantees, but tough times don’t last and there may be some kernels of wheat among the chaff. Talk to your financial professional. Now is a time for professional advice.
Seek professional advice before taking any action in regard to your finances.
This information is provided for educational purposes only and not as specific advice for any individual.