As the market continues to rise, I am very tempted to sell some of my new positions for a 20% gain or more. After all, taking profits isn't bad to do. And I've had gains turn into losses when I waited too long.
Recently, however, the stocks I sell have continued to go up about 80% of the time. As a result, I've left a lot of money on the table.
So I'm going to start following this investing rule: Keep the winners and let profits run.
We'll see how this works over the next few weeks.
For more on The Practice of Personal Finance, check back Wednesdays for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2018 Achievement Catalyst, LLC
Wednesday, January 17, 2018
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