The one question that plagues most investors is knowing when to “rrrringgg the cash register.”
Be honest with yourself here. How often have you struggled when deciding to sell a stock?
If you’re like most of us, it happens all the time.
Then, when you hesitate to sell, you watch the price fall and all of your profit disappears with it. To make matters worse, your beloved stock continues to fall into a loss and now you’re “definitely not going to sell” until you see it become profitable again.
Then, as it flounders and/or falls even more, you beat yourself up, thinking: “I should’ve, could’ve, would’ve,” etc.
Sound familiar?
It’s a problem caused from being emotionally attached to a company. When you fall into that trap you end up justifying your decisions with fantasies like: “I just feel it’s going to come back.”
Remember, the market has a way of making fools out of all of us. So, when you base your decisions on how you FEEL about something, you’ll likely end up getting burned.
So, how do you know when to “Ring the cash register?”
You would be wise to follow legendary investor Bernard Baruch’s advice. He said, “I made my money by selling too soon.”
He always searched for value in the market. He wasn’t greedy, worried about short term verses long term gains, nor did he ever marry a stock.
His secret? Understanding wisdom of “rotating from one sector to another.”
Regardless of how high stock prices climb, value is always present in the markets. You just have to know how to find it.
Rotating from one sector to another is easier to learn than you think.
Let us show you how (HERE).
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