Tuesday, May 26, 2015

when to sell

Reason No. 5: It keeps you up at night. It is tough to put a dollar value on peace of mind, but if we did, it would be a pretty penny. If you have an investment whose fate has become so uncertain that it now causes you to lose sleep, this could be a great cue to move your dollars elsewhere. We are trying to reduce the stress in our life here, not add to it. We save and invest to improve our quality of life, not to develop ulcers. Adding insult to injury, stressing about a stock might cause you to lose focus and make rash decisions elsewhere in your portfolio. Remember, there’s no trophy or prize for taking on risk in investing. Stick with what you’re comfortable with.

While I am loathe to reference “The Gambler” when discussing our investment philosophy, as the concept could not be farther from what we preach, the Kenny Rodgers line “You’ve got to know when to hold ‘em” fits. If there are reasons to fold ‘em, how do we know when to hold ‘em?

Labels:

0 Comments:

Post a Comment

<< Home