Advice For Stock Investors

Dear Investor,

I realize that you have questions about what to do with your portfolio.

First, don’t panic.

Though the proposed bailout failed to pass on the first vote, House leaders are working on getting a second vote. If held, this vote may not occur until Thursday because of Rosh Hashanah, the Jewish New Year.

Second, continue to research stocks. Look for fundamentally sound companies with rising earnings estimates that are trading at attractive valuations. Even if you want to hold off on buying new stocks, you should at least have an updated shopping list ready. This is what successful investors do.

Third, understand that it is okay to reduce your exposure to stocks. Consider selling anything that is keeping you up at night. Don’t get completely out of the market, however, because a recovery rally could occur at anytime.

There is a lot of uncertainty right now, but we will get through this. Even though the current bear market is painful, stocks remain the best vehicle for building long-term wealth.

Wishing you prosperity.

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