Time to sell your stocks? Here’s why I’m buying stocks in the crash right now!

first_img See all posts by T Sligo Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address These are scary times. No one is sure about how the coronavirus will affect society, or how long for.Every day the news seems to change. Travel restrictions are being implemented, meaning some airlines are suspending flights. Mass gatherings are being cancelled, and many people are panic buying in anticipation of shortages or a lock-down.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As this is a rapidly changing situation, the information available seems to be unclear. Therefore, it is no surprise that stock markets throughout the world have taken a pounding. It should be noted that these are probably early days.Investors hate uncertainty. I suspect that the market will remain volatile for a long time to come. In the past month alone, the FTSE 100 has lost roughly 27% of its value.Is now the time to sell your stocks and move across to a ‘safer’ asset, like gold or cash? Let’s take a look.The case to sellIt takes a lot of nerve to be buying stocks when everyone around you seems to be selling.I believe it is important to remember the reason why you bought the stocks in the first place. Hopefully, you have investing principles that you stick to. It might be that you only buy shares in companies that are well-managed and have a competitive edge over rivals.If nothing has changed, I usually question why someone would sell their ownership in a company. But this situation is different. These are unprecedented times and no one is sure how the coronavirus crisis will affect business. Certain industries will be harmed more than others.It is better to cash out of a business that is about to fail. However, this is hard to predict, and a business that appears to be on the ropes could see its value surge when the coronavirus has passed. It is worth remembering that by selling, you will turn a paper loss into an actual loss.Now might be a time to buy quality shares at a price below intrinsic value.Why I’m buying stocksTo date, I have not sold a single share, despite the value of my holdings falling.However, in these early stages, I have not bought any individual shares. I am still unsure about what companies or industries will be affected.Yet, I realise that successful investing requires a long-term outlook. No one knows how long the coronavirus will last. However, I remain confident that UK businesses will be successful over the next 20 years.That is why I am currently buying stocks in index funds. With the stock market plunging to its current levels, it is a challenging environment to invest. However, I believe by buying a regular amount in an index fund, investors could benefit from pound-cost-averaging, helping to ride out market slumps.This is a fast-moving situation and grasping the facts is challenging. For those reasons, although picking up a bargain stock is probably possible in the market, I believe purchasing index funds could be a safer option. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Simply click below to discover how you can take advantage of this. T Sligo | Friday, 20th March, 2020 Time to sell your stocks? Here’s why I’m buying stocks in the crash right now! Image source: Getty Images. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

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