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Remember gang, that share prices are temporary. It's obvious, of course, that share prices will rise and fall.
But we forget this. We expect them to keep on rising when we buy them. And we become disappointed when they dip.
But a share price when you buy is obviously not going to stay at the same level for long. It will rise. Or it will fall.
And if it stays stuck for months on end, then it might not be healthy in my opinion. And I tend to sell non moving shares - out of sheer boredom probably. Though a wiser reason is that dead money is dead money - and dough needs to earn its keep.
If a share falls 7% though, I sell it. Unless all shares fall at the same time. In that case, I try to sell a few, but usually give it up after a while and hope for a recovery.
Which nearly always comes. In fact after every sudden crash, shares come back to normal levels.
Any road up, the lesson of this tale is: shares rise and fall in value. They do not, like building society accounts, stay perfectly safe. On the other hand, they do not - like building societies pay you hardly anything for the right to use your money.
God bless - and stay sharp.
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
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