Being smart with $$ -- You're slower than the headlines

Does a scary headline make you want to sell your stocks? Well, you're too late.  Before you can hit the "Execute Trade" button, the price has already adjusted to the news.  So do you still want to sell?  After the "no" vote in Greece this weekend, many wanted to punt stocks.   If you went to sell Apple stock the instant the market opened today, you sold at price that was $1.50 below the prior close.  But what comes next is always the real mystery.  After half a day of trading, it regained half of what it lost at the open.  Remember that very few people have any unique insights that might give them an edge and market timing rarely works.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com