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Nadia Vanderhall avatar
Nadia Vanderhall
*slides through like Bruno Mars* Listen, I’m doing it digitally, so pick up what I’m about to put down — I had an amazing question under my post yesterday and I wanted to give clarification for a term or saying you might’ve seen me or another Personal Finance Creator/Strategist/Analyst say… “Don’t panic sell or buy..” What Tha Finance does that mean?! What that means is that don’t be so quick to unload any stock/fund or now crypto that you maybe holding without doing your due diligence/research before doing so! How was it preforming before this volatility or much positioning does it (the stock/crypto) in question make up of your portfolio (diversification)?! Historically, what has been is looking to be a mixed bag for it all. So, when we or at least I say don’t sell or buy, compare the fund/crypto before and after. Along with this question — how would you feel if it was to rebound higher after the smoke clears? Now, if you’ve been tracking a stock/crypto for a while and it’s not holding value in the volatility, determine if you need to shorten your position (decrease your holdings or even Fractional Share it), moving it over to a ETF or Index Fund or unload it all together. It’s up to you and your portfolio objectives and psychology. Also — #DCA will help give you leverage during times like this as well! And on the “panic buy” — just because it’s dipping doesn’t mean the chip is strong. Meaning — doing your research while it’s on your watchlist will allow you to know if it’s a good pickup when the dip happens. #btd . *Don’t panic, plan it.* I gave some insight about some particular funds yesterday: 🔑 Other things to keep in mind to prepare for this market uncertainty: $SOFI $AMZN $PTON Hope this gives for clarification while we 🎢. #everylittlebitcounts #buydip #futurefocused #longterm #moneymakingmission #learning #dca
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