I'm a Long-Term Investor, but These Stocks Could Bail Me Out in the Short Term
It's been a pretty brutal year for stocks. The S&P 500 index has been hovering around bear market territory for weeks and even crossed that threshold briefly last week. And other major indexes are also down in a very big way.
For the most part, I'm really not sweating this recent bout of turbulence. The reason? I'm not planning to retire any time soon, and that's what my portfolio is earmarked for. And so I know that as long as I leave my portfolio alone, I won't lock in any losses, thereby allowing my investments to recover.
But even though I'm not planning to tap my portfolio in the coming months, the reality is that you never know when a need for money might arise, and when selling stocks will become your only option. Granted, I've done my best to protect myself from that possibility by loading up on plenty of cash in my emergency fund. But again, you never know.
Source Fool.com
