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| Adrian Mastracci, president of KCM Wealth
Management, advised panicky investors to "Keep their eye
on the ball" -- which stocks they want to be in five years
now -- and form a game plan to get to that point." |
By: Tony Wanless
The Province
July 23, 2002
Investors have been “dragged through a lot” of pain
but the markets are actually less risky now then they have been
for some time, said Adrian Mastracci of fee-only
investment advisor KCM Wealth Management.
“The market has been oversold right now just like it was
overbought at the height of the bubble,” he said.
“That doesn't mean it still can’t go down some more,
but there is less risk of downside than before.”
Mastracci advised panicky investors to “keep their eye on
the ball” -- which stocks they want to be in five years now
-- and form a game plan to get to that point.
He also suggested that investors put stop-loss mechanisms in place
to help them get out at any investment at a loss-comfort level.
Lastly, he said, investors should only invest within their “investor
profile” -- their ability to stomach risk.
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