Megaworld (MEG) and the rest of the stock market is going up too fast, in my opinion. There's now a greater risk of it pulling back for a correction. Today, just after 12 days, my MEG portfolio is already 21% from 12.97% last Friday, an 8% gain in one day. Hmm... I might need to sell 30% of my position in MEG to lock in my profits.
If you are a trader, you might need to sell your trading position (about 25-30% of your position in one stock) to secure your profits. If you are an investor, you don't need to do anything. Jusdt continue investing a fixed amount of money every month or every quarter.
How about you? Are you a trader or an investor? Are you selling you trading position?
May you achieve true success!
Bryan PS1. What does the Bible say about wealth? Is money the root of all evil? Visit http://www.beyondprofit.blogspot.com/.
PS2. If you want to invest in real estate properties, visit www.houseforsalephilippineswithphoto.blogspot.com.
PS3. If you want to get financial literacy training for free, go to www.wealthacademy-philippines.blogspot.com.
Investing Pinoy
Monday, September 13, 2010
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