Payne's Perspective: September 30, 2019: Got To Know When To Fold Them
While I’m an evangelist for buying and holding the right stocks when it comes to most investments, there are times when investors should consider ringing the register. This is not to say to pick tops and bottoms. When the signs are there, including the decline of key financial metrics and you are sitting on a big profit, don’t be afraid to take it.
Look at the S&P 500 (broken into its eleven industry sectors). It underscores there are times you can take profits and return to the stock, preferably at a lower share price (sometimes at a higher entry when it’s clear you have sold too soon).
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