Factoring in fear on Wall Street
EconoMeter panel cautions against cavalierly cashing in
Roger Showley, U-T SAN DIEGO
Friday, June 14, 2013
Kelly Cunningham, National University Systems
“You never go broke by taking a profit” seems appropriate. Investing in stocks is supposed to harness real economic growth, not front-run stimulus. Another well-known stock market adage -- “sell in May and go away” -- could also make sense as the market has been strong since last summer. So perhaps a periodic dip is due and market correction on the way? Investors can always fear the big correction, but timing the market is very difficult. For the nonprofessional, rather than attempt to time market swings, it is probably better to hold onto quality and stay focused on long-term savings goals.