AboutDr. Joseph de Beauchamp Expertise As an MBA professor, I publish on over 2000 public companies. I engage in conversations with them daily. I love to help people find good advice in this complex market.
Question Hey I am 18 years old and i just started using my own money to play the stock market, i put 5000 into one account, almot all my money but the 2 stock i brought last year texas intruments at 28 and rhat at 23 are doing awful i'm losing about 1000 dollars on each one, do you think i should hold these compaines or is my oppertunity cost too high holding on to these stocks when i could be making more money with safer stocks.
Answer You might sell both. Take the tax loss. Then roll into a large mutual fund. We have a few recommended mutual fund on our free site of http://wfnn.info and this is my recommendation. I believe individual stocks and investment to take at least 10 different stocks to spread the risk and at a min.
