As Director of Business Development at BForex, Pablo Soria de Lachica navigates the currency trading firm through the development of investment tools for investors of varying skill levels. His duties span market analysis, direction of day-to-day operations, and working with investors to outfit them with the investment tools they need to succeed. Pablo Soria de Lachica and BForex are based in Tel Aviv.
Although only six months remain in 2013, this is more than enough time for investors to recalibrate their investment strategies and capitalize on current trends. One habit that trips up many investors is the breakeven gambit, or the notion of trying to break even when an investment starts to slip. It’s an understandable impulse, but following it creates a mental price barrier that is based on the investor’s notion instead of the reality of the market. Rather than waiting for an investment to hit a breakeven value, crunch facts and figures. If external variables indicate future growth, investors should weather the storm. If, however, the market indicates little to no possibility for the stock to rally back anytime soon, sell while the selling price is still high.
At the end of the year, investors would do well to remember that they can use losses to balance out gains. For example, investors may claim as much as $3,000 in investment losses against ordinary income. After that, they should weed out their portfolios and fill those openings with new, carefully researched investments.