Dealing With Choppy Markets
Well, I'm sure it's happened to you in this market. Sure, some solid issues move up slowly but surely like Pepsi, Proctor and Gamble, and Pfizer. But more often than not, your stocks go up a point or two, and then go right back down. This is very frustrating, and difficult to deal with.
For the average person, trying to capture a 1-2 point profit should be avoided, as they probably don't have the discipline to sell after a 1-2 point loss. This is a sure way to lose money, as most people will hold their losers all the way down, more than offsetting the sum of their small gains.
Your best approach is to buy quality, like the three stocks noted above. Other good stocks will include Amgen, Disney, General Electric, Hewlett Packard, and Philip Morris. Check these out for yourself, as these do not all pay a dividend
I don't expect the Fed to hike interest rates tomorrow on the 20th. Given that and declining oil prices and a reasonably strong economy, I look forward to a good market from now through year-end, and solid stocks purchased now should be a profitable investment. Good luck, and let's make money!
The Market Pro
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