Some Like It Hot

Some Like It Hot

True or False?

Pouring hot water down the drain to unfreeze pipes is smart.

FALSE!

Hot water usually freezes the outside of the pipe and using excessive heat can actually cause pipes to explode.

Likewise pouring hot $$ into a frozen stock may be unwise.

The stock was once printing money for you so you formed an emotional attachment.

Now it is a complete dog and your endearing fealty drives you to commit more $$ to that bow-wow sheepadoodle stock.

This is lacking wisdom!

Shoveling tons of dough into that Al Ca-bone of a stock thinking dollar-cost-average down is downright D-U-M-B.

Unfreeze a frozen pipe – seek wise counsel.

Unfreeze a frozen stock – do the same.

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