1999 Dot Com Rally Compared to Recent Rally - 2
By Saghir Aslam
(The following information is provided solely to educate the Muslim community about investing and financial planning. It is hoped that the Ummah will benefit from this effort through greater financial empowerment, enabling the community to live in security and dignity and fulfill their religious and moral obligations towards charitable activities)
I HARDLY EVER SELL STOCKS
Almost all the time with minor exception I do not sell stock. When I buy a stock immediately I put stop loss and if the stock hits my stop loss it’s gone. Its history I do not worry about it and move on when the decision is in my favor stock keeps climbing I keep raising stop losses.
Never stop loss if your stock is losing. In other words if my decision was wrong stock went down hit my stop loss I do not practice to change stop loss when it goes down. If it goes down let it be gone sometimes I have stop loss it continue on for months even some time years. I simply keep raising stop loss.
You may be lucky enough you pick a good reputable company with great slow steady but consistent growth companies like about you may reach the benefit of profit yet at the same time you sleep good at night that is some unexpected event takes place you are protected. Your investment is protected does not matter if you are at home, office or away on vacation. In Europe, Caribbean, Asia doesn’t matter. Doesn’t matter where you are, your money your investments is protected with stock loss.
As I have stated again and again before purchasing any stock you must do your homework properly and do thorough research, if you practice this regularly you will win most of the time. Yes you can donate highly appreciated stocks and take your tax deduction.
(Saghir A. Aslam only explains strategies and formulas that he has been using. He is merely providing information, and NO ADVICE is given. Mr. Aslam does not endorse or recommend any broker, brokerage firm, or any investment at all, or does he suggest that anyone will earn a profit when or if they purchase stocks, bonds or any other investments. All stocks or investment vehicles mentioned are for illustrative purposes only. Mr. Aslam is not an attorney, accountant, real estate broker, stockbroker, investment advisor, or certified financial planner. Mr. Aslam does not have anything for sale.)