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Today I'll talk about to do with your losing positions. When do you know whether to purchase more, hold, or sell and cut ties.
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Intro (0:00).
Sunk Expense Fallacy (2:49).
Key Point (4:53).
Consideration # 1 – Type of Stock? (6:19).
Consideration # 2 – Position Size? (11:48).
Consideration # 3 – Which Account? (14:03).
Takeaway – Exists A Much better Place For The Cash? (17:07).
Final Thoughts/ Outro (20:09).
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About Brandon Beavis:.
Brandon Beavis was one of the youngest consultants to become totally certified here in Canada.
In 2013, Brandon officially started his industry research studies. Throughout the years he has actually finished his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Basics), 90-day Financial Investment Consultant Training Program, attended the Manulife Expert Development Workshop in Oakville, ON, and attended countless market seminars, conferences & events to help even more his learning.
At age 20, he ended up being a completely certified Financial investment Advisor, working for one of Canada's biggest Investment Brokers, Manulife Securities. For 4 years, he worked alongside an extremely experienced team at Beavis Wealth Management, focusing on High-Net-Worth Investing. He's had the chance to work under his Dad, a consultant of over 25 years, and has dealt hands-on with customer portfolios, involving; analyzing, structure, and managing multi-million-dollar client accounts.
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Disclaimer: The views and opinions shared on this channel are for educational and educational purposes just. Although previously licensed, the contributors are no longer industry individuals and are not licensed to provide monetary advice. They aim to supply you with educational info in an entertaining way. Always do your own research and due diligence before investing. Typically speaking, you need to speak with a licensed investment expert before investing.
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