We are in a bear market, there’s no doubt about that but even in bear markets you can find solid stocks to buy. In one of my accounts I own Harmony Gold Mining (HMY) because it’s a solid performing gold stock. I don’t like to own commodities directly but I will buy decent stocks that are directly involved in that business.

Your best bet in times like this is to stay on the sidelines but I understand sometimes you can’t. The account that covestor tracks is in this situation but that’s ok. It looks bad because of the stocks I have which a large chunk of my portfolio are invested in. My timeline is always 6-18 months and we are moving into a down cycle for these stocks. Apple being one of them, but some others are EMC and ZQK.

A healthy portfolio should have some speculation and it’s ok to make some quick trades if you think you can profit. Just keep in mind the pattern day trading rule and you should be fine.

I like the gold stocks GG and HMY which are very strong right now.

I don’t think you need to liquidate your entire portfolio just because on paper it looks like you’ve lost money. Markets fluctuate and this is just a correction that has been a long time coming.

Find out what I am doing right now by following me on Twitter! If you like this post then please consider subscribing to my full feed RSS. You can also subscribe by Email and have new posts sent directly to your inbox.