I entered the market close to the peak in May this year. What would you suggest as a strategy?

Just sharing quick note from COL Financial Mid year market briefing answering the most relevant questions that you may also have now (especially to those who started in the last few months when the market was at its high. Basically the message is that PSE will recover but may experience more correction along the road.  Either way you must have a plan in place that will guide your future actions.

Happy reading!

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I entered the market close to the peak in May this year. What would you suggest as a strategy? Should I still sell now or hold on to my position?   

It really depends on your investment time horizon and on the size of the portfolio that you currently have. If you are a long term investor and the amount of money that you have invested is something that you do not need in the short term, then you can just hold on to your position. Although it might take a while, we remain confident that the market will eventually recover and reach new highs. If you are a long term investor but are heavily invested, you may want to consider reducing your size. The volatility of the market in the next few months might be too difficult for you to bear if your size is too big.  If you are a short term investor, it might be a good idea to sell your positions now as the market is still expected to undergo a correction (please review our technical analysis presentation to understand our short term view of the market). Aside from cutting your losses, selling your position now would provide you with emotional and psychological benefits. It might be difficult for you to mentally prepare for the market’s eventual recovery if you are sitting at a huge loss

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Have fun investing ( knowing what to do!),

Omeng

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