How do you handle a poorly performing portfolio?
I consider myself a rookie investor, I have two separate accounts: one for my IRA and another Robinhood account for testing my own ideas and research. The later of mine is performing poorly (luckily it does not have much money in it) and I was hoping to gain some insight on how others of you deal with poor performance, be it in a single stock or across a portfolio. I can attribute the poor performance to not having an exact trading/investing strategy, and also getting in at a crappy time with the Greece situation.
Anywho, when do you guys call it quits with a stock that's losing, how/when do you consider restructuring your portfolio, how to you stay positive mentally, opinions on the current market scenario, etc...
Thanks for any insight
My portfolio is also performing very badly, my 1-year return being -25% ... Lost a lot of money on forex and other speculative investments (china etc.) that I am trying to avoid now. I'm now adopting a more passive approach by investing in index funds and sectorial ETFs. I can only hope that it will pay off...
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