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We can loan up to $500 to Choctaw occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
The best thing to do if you have a loss in a cash account is sell and claim the loss on your taxes. Your at least get a part of your loss back with a tax refund or reduce how much you owe to the government and you can then buy an investment that will make you money! When buying an investment is really based on your philosophy. Do you like comeback stocks, fast growth stocks, Large company stocks, etc? Find your strategy first before picking your investment. If you want a safe investment that is diversified buy Vanguard's Total World Stock Market ETF with ticker oklahoma which is a total diversified portfolio of the U.S. stock markets: NASDAQ, NYSE and American stock exchange along with the International and emerging markets. Instant diversification and a growth story since your have the emerging markets. Also look into Vanguard since they were the first index S&P 500 fund and have the cheapest expense ratios with their ETF's and mutual funds. Other techniques instead of buying one stock is to buy a sector fund or ETF. Why? It makes sense to buy the sector especially in growth areas that are hot in the market. You have less risk especially if one of the companies go bankrupt or goes down severely.
You feel you have to personal sell points on any stock that you buy. I try to follow the Investors Business Daily 7 to 8 percent down from your purchase price is the sell point. Most importantly, I feel you have to set these mental notes of what price you will sell on the day that you buy the stock. Personally, I feel averaging down is a poor approach to stock investing. I am assuming that you are executing your trades online to benefit from the minimal commissions. If you are with a discount broker, you can buy half of your shares at the open and half of your shares during the noon hour. I agree that you need a technique and that it should be your own. A good rule is to look for buys from the 52 week high list and not the 52 week low list. This is another Investors Business Daily investment principle. Lastly, the one habit that just will not die is "I cannot sell the stock until, I get back to my purchase price." There is no assurance the stock will ever return to the price at which we purchased it. You can make money in the market if you are right on 3 out of every 5 investments. As long as you cut your losses in your mistakes. The point is to keep asking yourself about selling not buying. BTW, the past 8 months have been impossible and except for the past 4 weeks, this would have been a time to have your portfolio in cash. For me, the removal of my ego from stock investing is the key. As someone said: "It is O.K. to be wrong on a stock; but, it is not O.K. to stay wrong!" As time passes you will set your own rules. But, please, follow your rules.
You said it in your question. You need a professional. If you do not know how to reduce your losses (by dollar-cost-averaging and diversification) then you should get a professional to handle your investents. I gave you the answer - dollar-cost-average into good wuality mutual funds, or get yourself a broker to handle your investments. You don't really think we can just give you some magical one-sentence answer as to how to reduce your losses. We have no idea what you are invested in, how much you invest, if it is in a retirement account, what your timeframe is, etc.