Balafas in Kiplinger Series: The Snake Bite Effect
6/2/2025
Ever get bitten by a bad stock pick and the pain still lingers? Don't let the sting of that loss keep you from missing out on new opportunities and portfolio diversification.
In her latest Kiplinger article, GoalVest Advisory founder and CEO, Sevasti Balafas, CFA, CPWA® outlines five strategies to withstand the "snake bite" effect -- especially when markets are volatile.
✅ Set aside emotions and stick to your plan
✅ Use the bite for tax-loss harvesting
✅ Rebalance, don’t retreat
✅ Keep cash for liquidity, not market timing
✅ Focus on long-term growth
And most importantly, don't let fear be your financial adviser.
Read the full article here https://www.kiplinger.com/investing/the-snake-bite-effect-how-fear-can-cost-investors-dearly
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