What the hell is wrong with people?
Listen, at the end of the day, when you purchase a security you are purchasing a share of ownership. You then have a personal, monetary stake in the health and viability of that business. So answer me this…
Why in the world would someone buy into a company that is actively filing for bankruptcy???
I don’t get it.
$ANWWQ hasn’t even had it’s court hearings which, from what I’ve read, is scheduled for early March.
So many people are bickering about whether the shares will be terminated or not post filing. Whether the shares will be “worth” something on the other side of bankruptcy!!
People, I’ve got bad news.
Why is this even a discussion?
So many other companies that deserve your attention and aren’t in the process of filing for bankruptcy.
Where’s your head at? Don’t get caught up with all the hype.
This post is going to be a quick one.
Here at Moneyshire we are always talking about approaching the market with an investors mentality. With that being said, we don’t usually recommend nor encourage day trading or “flipping” stocks for a quick profit. We believe that true wealth comes over time by having consistent behaviors that allow you to accumulate assets in financial vehicles that help mitigate risk and appreciate in ways that maximize tax advantages. (Phew, what a mouthful…)
So when it comes times to select which funds to hold, there is a free and simple tool provided by FINRA that helps analyze each fund. The main statistics to look at are the fund objective, Morningstar category, and expenses. These three metrics will help you identify which funds belong on your portfolio.
Check out the analyzer here!
Now, there are a lot of caveats to this post so follow the links below to learn more.
What is the difference between active and passive funds?
Understanding investment objectives.
Understanding Morningstar ratings and categories.