How do you manage a sudden rise in the price of your stocks?

[Niyi Briggs]

The prices of goods are volatile and not stable. How would you handle a situation where you go to the market to restock with the same amount you used to restock the last time.

On getting there, you realize that the price has increased significantly. Would you reduce your desired quantity and buy? Or would you stop buying at all?

 

[hastral45]

The kind of post I encounter here is amusing and beyond human intelligence reasoning. You go to the market and found out that the price of goods go up, what do you suppose to do?.

 

[nomad]

When the stocks I have invested in suddenly rise, I might start selling because I need to make profits from every situation. I can use that money to buy once the stocks fall.,

 

[Shavkat]

I cannot control this matter. I need to increase the prices to let my business survive in the business world. If the customers need them, then they can still adjust and buy them.

 

[Niyi Briggs]

The best thing is to reduce the capacity that you used to operate at and continue with your business.

 

[Bisolami]

The best thing is to reduce the capacity that you used to operate at and continue with your business.

And you should not buy too much of the goods because it is very likely for it to reduce in price back. Just buy little amount of it at hand

 

[IB D]

This is what wrecked my friend's shoe business. He went to the wholesaler and he was told there was a huge increase in price. He had to come back home and the business failed.

 

[Bisolami]

This is what wrecked my friend's shoe business. He went to the wholesaler and he was told there was a huge increase in price. He had to come back home and the business failed.

This is why it is always good to make research before and after you buy your product so that you will not sell at a price that is lesser than the current price

 

[IB D]

This is why it is always good to make research before and after you buy your product so that you will not sell at a price that is lesser than the current price

What you are sayings is very true. You don't just sell according to how you buy but according to market trends. Else to you finish selling out your stock and you can't restock again..

 

[Bisolami]

There are times that my mum call the people that she buys goods from just to know if the price has changed or not.

What you are sayings is very true. You don't just sell according to how you buy but according to market trends. Else to you finish selling out your stock and you can't restock again..

 

[Magnus2022]

Recently, I have experienced similar challenge. But I have equally devise a means to counter it. I use to call my sellers and ask them if there is sudden change in price of goods I use to buy before. It have help me to circumvent the problem.

 

[Bisolami]

Recently, I have experienced similar challenge. But I have equally devise a means to counter it. I use to call my sellers and ask them if there is sudden change in price of goods I use to buy before. It have help me to circumvent the problem.

This is what every business owner should do. You seriously need to follow the trend so that you will not sell at the wrong price

 

[Heatman]

The prices of goods are volatile and not stable. How would you handle a situation where you go to the market to restock with the same amount you used to restock the last time.

On getting there, you realize that the price has increased significantly. Would you reduce your desired quantity and buy? Or would you stop buying at all?

There is no way you can go back without buying what you came to buy in the market because the prices have increased but the only thing you can do is to reduce the quantity of what you wanted to buy or you will add more money to what you wanted to use to make the purchases.

 

[Bisolami]

There is no way you can go back without buying what you came to buy in the market because the prices have increased but the only thing you can do is to reduce the quantity of what you wanted to buy or you will add more money to what you wanted to use to make the purchases.

The person can still go back to buy it in the market but he will not buy the quantity that he sold because the money will not be enough

 

[Stardom22]

This is one of the main challenges for running businesses in my country.
For the case of abruptly increase in prices, the businessman should correspond by raising the selling prices for the goods.

 

[Sanjeev]

When I see more than 20% increase in my stocks I sell them and buy another stock which I think will gain me in future.

 

[Stardom22]

That's very bad case scenario to have ever happened in my country. I think the relevant authorities deals with that accordingly.

 

[Cam]

If we're talking about stock specifically, then I'd certainly contemplate selling. If I think it's going to keep going up, I'll probably hold my position. Hard to predict the future though.

 

[Hate2Wait]

I'll wait for the market to stabilize or give myself more time to make my mind and plan to buy or sell and I guess it's fine to take your time

 

[Rubz]

I would reduce my desired quantity and still buy if i notice a rise in the price of my stocks.