Mogul Money Savings Tips 101
Written by Poindexter on December 1, 2014
Buy Low, Sell High.
If you let stock prices alone guide your buy and sell decisions, you are letting the tail wag the dog. It’s frightening how many people will buy stocks just because they’ve recently risen, and those same people will sell when stocks have recently performed poorly. Wakeup call: When stocks have fallen, they are low, and that is generally the time to buy! Similarly, when they have skyrocketed, they are high, and that is generally the time to sell! Don’t let fear (when stocks have fallen) or greed (when stocks have risen) take over your decision making.