Panic and Sell or Hold?Once a month I will be answering a question from my readers. Please submit your question to me by email to fern@wholeheartedway.com. I will pick one a month to answer. Question- I am watching my account value go down every day. Should I sell my losers and keep my winners? ……….Anonymous Answer- You should not sell your positions just because we are in a market correction. If you have a portfolio with an asset allocation that fits your needs than that asset allocation should change only if your needs change- not because the markets are down. A diversified portfolio will weather a storm like this. Don’t be naïve in thinking that your portfolio will always go up. It won’t and no one can guarantee that it will. But a good portfolio that is designed to give you: * the return you need to meet your short and long term goals will always win out in the long run. If you don’t have such a portfolio – than seek the advice of a fee-only planner (www.napfa.org) or a Financial Coach like myself to get you where you want to be. I will be sending out the newsletter twice a month this year. More freebies will be available to subscribers only so click on this link to subscribe. Coaching Question- What holding has the largest percentage of your portfolio and why? News Flash! – I will be holding a FREE teleclass –The 7 Steps to Creating Your Own Financial Plan on Wednesday, February 20th, 6 p.m. PDT. Email me (fern@wholeheartedway.com) to register and you will receive the call in number. <><><><><><><><><><><><><><><><><><><><><><><><><><><><> August 2007-- this column is produced by Whole-Hearted-Way and
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