As most businesses are attempting to improve its bottom line, consumers are losing sleep over loss of funds in their portfolio. The European crisis continues to send a trickle effect across the globe while trying to strategically make prudent moves that won’t crash the market.
In addition to fearing the performance of Euro stocks, domestic funds are taking a beating.
Bank of America‘s shares hit $5 per share Monday, their lowest level since the worst of the financial crisis in March 2009.
Bank stocks across the board took a beating Monday on continuing fears over how the sovereign debt crisis in Europe could affect the long-term health of the financial sector.
It’s time for investors to be involved with their money. No, you aren’t able to control the outlook of the financial crisis, but you are able to discuss your options with your financial advisor.
If you’re fearful of losing all your money don’t worry. The worst action you can take is simply pull and close out your accounts. Remember, the only person who gets hurt on a roller coaster is the person who jumps off.
If you’re a prudent about your investments and realize that this is an opportune time to purchase more stock…think and research before doing so. You want to look at the volatility and the performance since inception of the potential company.
“Love yourself enough to support yourself.”
© SMG, LLC