The stocks this week have taken a hammering I am sure everyone’s portfolio has at least a little bit of red. One way to look at it is the stocks are on sale at the moment, it just depends on how many more red days.
You should have enough confidence in the companies you have in your portfolio that these red days do not bother you, even take it as an opportunity to get more at a lower price. This is why it is so important to diversify your portfolio, were coming up to Q1 earnings so we may see some more red days.
A few stocks I will be topping up on are Charge point (CHPT), Blink charging (CBX), Palantir (PLTR), S&P 500 (VUSA) and Coca-cola (KO), I believe in the long term potential of these companies. The covid vaccine roll out has really taken traction recently, both the UK and
America’s vaccine numbers are into the millions, starting the gradual rebuild of the economy. Corrections in the market are always going to happen, just try and take advantage when it happens.
After covid we saw a massive amount of retail investors participate in the market, creating a mix of some very overvalued stocks, due to a mix of speculation and hype. It is great to see more people getting involved in the market, we will just have to wait an see how much it affects the market.
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