FTSE drops below 6,000 - what should you do?

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The FTSE 100 has fallen below 6,000 for the first time since the start of 2013. What does this mean for you as an investor? Should you be worried? What can you do about it?

As an investor this means a potentially bumpy road ahead, but there’s no reason for it to also be stressful or financially damaging.

Get your tools ready and this could be a great opportunity for you.

Prepare yourself

However many companies you are invested in, at a time like this you need to keep an eye on the prices for all of them.

Without the right tools this can be tricky.

Join ADVFN for free (if you haven’t already) and start using the free Monitor watchlist to keep track of all the shares you own.

Even if you own dozens of stocks this tool is perfect, letting you keep an eye on over 100 shares on one page with live streaming prices free of charge.

Go mobile

You can’t stay in front of your computer 24 hours a day.

With ADVFN this isn’t a problem; being away from your desk won’t stop you staying up to date.

The ADVFN app for iPhone, iPad, Android and Blackberry allows you to stay up to date with live prices, wherever you are.

The apps are free, so get them downloaded now.

Break out the big guns

If there was ever a time for Level 2 data, now is it.

Find out what is actually going on with the shares you own and see how many shares other people want to buy and sell, what prices they want, even how many shares they want to buy or sell.

Once you see Level 2 you’ll wonder how you ever made money without it.

Level 2 is a premium service on ADVFN, but you can try it free for a whole month by calling 020 7070 0961.

If you get organised, get the right tools together and keep your wits about you you and your investmensts will be fine.

Happy trading!

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

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