2023 Investing Preparation Revisited: 5 Stocks to Avoid There's a saying that if you stay prepared, you don't have to get prepared. When I shared my list of stocks to avoid in 2023 in October, that was my intention – I wanted to help you stay prepared so you didn't have to get prepared for what's in store. And part of being prepared is knowing the stocks to avoid... even if it means dumping some of your current laggards. Look. I know it's tough to let go of an investment that isn't paying off in the way you envisioned. But a lesson from my friend and TradeSmith CEO Keith Kaplan shows why going through tough moments is critical for success. After a trip to New York in July, Keith shared how he started experiencing aches, chills, and other symptoms of an oncoming sickness. He turned to his usual cure-all: a jump in a cold-plunge tub he bought for his basement. The benefits are supposed to be tremendous — reducing chronic pain, providing immune system support, lowering inflammation — and Keith said he felt almost as good as new the day after his cold plunge. He did admit that the first few moments of any cold plunge are a shock to the system, followed by pins-and-needles pain, but when you're done, you come out the other side all the better for it. And we talked about how that's a lot like investing… specifically when it comes to ditching your losers. RECOMMENDED LINK [Video] This 60-Second Technique Produces Instant Cash EVERY Time My name is Keith Kaplan. Since 2004, I've been building sophisticated computer software with a single goal in mind: make money. But after years of helping my Fortune 500 clients get rich, I was burnt out. So I quit, and applied my engineering skills to a specific corner of the stock market… where you could potentially generate instant cash every time you trade. My technique is different. But it's surprisingly easy to get started. I've even filmed a short video "demo" for folks who are interested in learning how this trade works. Click here to watch it now When you start thinking about selling a stock that isn't living up to your hopes, you know it's going to be unpleasant to sell it. And once you hit the sell button, it can feel like a shock to your system, filled with pain and discomfort. But just like with a cold plunge, the pain of dumping your losers goes away pretty quickly. And just like a cold plunge, this "treatment" puts you back on healthy footing. With 2023 almost upon us, I'm sure there are stocks lurking in your portfolio that need the "cold-plunge treatment" to make sure you're strongly positioned for the new year. Stocks that you may have bought as a "lottery ticket." Or stocks that lured you in with high dividend yields. Or stocks that originally seemed certain to weather sky-high inflation and economic downturns. No matter the reason you acquired them, it's time to prepare yourself for the shock that will come with the "cold plunge" of selling off these stocks. RECOMMENDED LINK How to Buy Back 25 Years of Your Life We tracked down this TradeSmith customer, ex-pharmacist, and father of three to ask him how TradeStops helped gift him an early — and unexpected — retirement. What he reveals in the resulting video is jaw dropping. Today, you can grab the 3-step blueprint he used and follow in his footsteps to financial freedom. PLUS — you'll see how LIVING BY this plan as the market spirals has given him the confidence to set his most audacious financial goal yet... while most investors are paralyzed by fear. Prepare To Be Blown Away Right Here For this issue of TradeSmith Daily, I'll show where you can revisit my analysis of five stocks to avoid in 2023. In Part 1, I shared why you should avoid these stocks: AMC Holdings Inc. (AMC) Whirlpool Corp. (WHR) Tractor Supply Co. (TSCO) In Part 2, I rounded it up with the other two stocks to avoid: Colgate-Palmolive Co. (CL) PNC Financial Services Group Inc. (PNC) Some of the stock prices for these companies have dropped or stayed stagnant since my original report, while others have climbed. Keep in mind that I'm taking a longer-term view of these companies, not just judging them by their performance this past October to December, as I believe that their stocks will not treat you well next year. Again, you can access Part 1 of my analysis here and Part 2 of my analysis here. Also, I want to make sure that it doesn't seem like I'm just projecting doom and gloom. There will be stocks to buy and to put on your moneymaking watchlists. I shared where some of those opportunities will arise from here, and I will continue to share my outlook throughout the next few weeks. Good investing, Mike Burnick Senior Analyst, TradeSmith P.S. Knowing which stocks to avoid is only half the battle. You also need to know which stocks to buy and the investing techniques that not only protect your hard-earned money but allow it to grow.... even in the face of a recession. And with what our experts are projecting heading toward us, this isn't a time for folks to drag their feet. You'll want to see how this one trading technique could make you $1,000 per month. Best of TradeSmith The chart below represents the best-performing open positions over the last two years, as recommended by our software. More Investable Information at Your Fingertips TradeSmith's 2023 Guide to Beating Inflation Bitcoin Is Far from Dead (Here's Proof) This Could Be the Amazon of Gene-Editing Stocks Electric Vehicles Passed This 5% Tipping Point – Here Are 2 Investments to Make 866.385.2076 | support@tradesmith.com ©TradeSmith, LLC. All Rights Reserved. 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