Published on 12 Jul 2023 on InvestorPlace via Yahoo Finance

7 Doomed Stocks Destined for Disaster

Much like baseball, the investing game yields success through mitigated failure, which brings us to the topic of doomed stocks to avoid. No matter who you are, you will never achieve a perfect lifetime record in the capital market. It’s absolutely inevitable that you will get things wrong. It’s how we manage the next step that matters.

For instance, you might have done everything right – conducted deep due diligence and assessed various opinions before acquiring a particular company. However, for whatever reason, your choice investment became one of the high-risk stocks instead. It happens. Welcome to the club. But from here, you’ve got to consider dumping toxic names from your portfolio before they cause further damage.

Unfortunately, the meme trade narrative now clouds the tried-and-true narrative of exiting your losing ideas and sticking with your winners. Currently, retail investors often egg each other on to hold onto crimson-stained securities. However, more often than not, you’re better off dumping stocks destined for disaster.