Steve Selengut
speaker
246 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Steve Selengut’s voice in public audio — every appearance, attributed to the second.
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Appearances
Diversification.
Nothing you own should ever be more than 5% of your portfolio value.
I have a rather large portfolio.
I don't have anything that's as much as 2% of my portfolio.
I go to sleep at night and I say, well, if any one of these securities go to zero, I might not even notice it in my account balance the next day.
The fourth thing and the most important thing that most people totally fail to do because they tend to fall in love with the real nice ones that produce a high profit level.
They don't take their profits.
Then when they start going down, they say, nah, it's going back up.
It's going back up.
So taking profits is number four.
Those are the four great risk minimizers.
The two other things we deal with are the fact that there is a market cycle.
Not only a market cycle, but sectors have cycles, interest rates, the economy, and everything else.
And that's not just an upward machine.
The stock market is a market, and it's going to go up and down.
That's what markets do.
Somebody offers one price.
Somebody said, no, no, I don't want to pay that.
I don't want to give you this.
All right, I'll take it.
Showing 181–200 of 246 · page 10 of 13
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