Financial Musings of a Burbank CPA: Letting your investment winners run and protecting your downside Part 1 of 5

First of all – Happy Martin Luther King’s Birthday. Hope you have the day off (my firm has the general policy that the owner doesn’t get holidays off during tax season, which started after my wife’s birthday on January 9th. Oh well.)

This article is the first of a five part newsletter series I published a couple of years ago on investments – Letting Your Winners Run and Protecting Your Downside (this stuff never gets old!)

Part 1 0f 5 – Investing to protect assets and minimizing losses:

 This week I am beginning a five part posting on general investing. I used to have my series 7 and 66 brokerage licenses and have managed my own investment accounts for about 20 years. There are many ways to find stocks, bonds and other assets to invest in – investment newsletters, research services, your brother in law, etc. but the most important item is to protect your investments so that you minimize losses and let your winners run. The old adage of buying low and selling high is so obvious we usually pay it lip service, but it is amazing how many people don’t really follow it.

Next in Part 2 I will talk about general asset allocation and industry diversification – ways to help prevent a disaster in one particular area that can kill your portfolio. See you then.

IRA Retire Dollar holding Dollar Bill 2012 For financial,  accounting and tax musings,

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Email: bstonercpa@sbcglobal.net  Phone: 818-317-6035   Website: www.briantstonercpa.com

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