When Something Goes Wrong: The Case Of JP Morgan Chase
Jeff Miller | May 11, 2012 01:36AM ET
Managing your investments would be easy if you just bought stocks and watched them move higher.
In your dreams!
In the real world, even the best managers must deal with adversity. Our choices, no matter how carefully chosen, do not perform as expected. Something goes wrong.
Dealing with adversity is crucial to investment success. Tonight we have an informative case study in JP Morgan Chase (JPM), a company that I have cited favorably several times and include in my flagship investment program. My most recent favorable mention was Chuck Carnevale's invaluable site .
Preliminary Conclusion
I wanted to write a timely story, and that meant doing it tonight. We'll know much more tomorrow. Depending on what I see, I might sell or I might add to the position. I have clearly stated the criteria.
Emaphsizing the main point: Do not fall in love with a position.
Each day is a new start. Be cool and analytical. If you have a proven method, use it!
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