Facebook, Inc. (FB) suffered its largest one-day decline (by percentage points) in five years and was the primary catalyst given for the steep drop in the markets yesterday. The stock closed 6.8% lower as it was reported that Cambridge Analytica (a political analysis firm) collected and stored data from 50 million users’ accounts without permission.
Now this has got the financial news networks driving investor fears about own tech stocks through the roof. And unfortunately, when these kinds of things happen, the question then becomes whether or not you should dump everything you own.
But my direction to you is the same as it always has been…
Don’t get caught up in the noise and forced commentary of the talking heads who sensationalize to get their ratings – and their revenue – up.
Plus, when a stock is really headed to Wall Street purgatory, we’ll sound the alarm… You see, my colleague Shah Gilani is the only person who can identify which stocks have an almost 100% chance of working in your favor.
But with this special type of trade, you can bank profits as high as these stocks plummet. The odds are heavily stacked in your favor, even when the market is fierce, unstable, and completely unpredictable. Click here to see how.
And in terms of dumping your tech stocks – especially FB – is the worst thing you could do to your portfolio right now.
And here’s why…