Making Money Minute with Ron Hiebert - Selling With No Regrets
If you own a stock that has become a huge financial windfall, the question that needs answering, is whether you should sell all of it, some of it, or hang on for even bigger gains. An investor in this position should ask themselves two things. How would I feel if I sold nothing and it dropped to zero? …And….How would I feel if I sold everything here, and the stock went up another 10 times in value? The best answer, is to sell enough, so you have minimum regrets, no matter where the price goes in the future. It is impossible to eliminate regret, but it is possible to minimize it.
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Making Money Minute with Ron Hiebert - Selling With No Regrets
If you own a stock that has become a huge financial windfall, the question that needs answering, is whether you should sell all of it, some of it, or hang on for even bigger gains. An investor in this position should ask themselves two things. How would I feel if I sold nothing and it dropped to zero? …And….How would I feel if I sold everything here, and the stock went up another 10 times in value? The best answer, is to sell enough, so you have minimum regrets, no matter where the price goes in the future. It is impossible to eliminate regret, but it is possible to minimize it.
Making Money Minute with Ron Hiebert - The World Is Complex
Beware of politicians with simple solutions to complex economic problems. Take for example the last bout of inflation we had during Covid, when that number went up to 9.5% annually. Political solutions were simple, and fit easily into 30 second sound bits. Perfect for news spots or commercials. But real world problems are seldom that easy to solve. Experts identified at least 15 different causes for that spurt of inflation. People, who offer simple fixes for complex problems, either don’t what they are talking about out, or worse, know they are wrong, but continue to spout nonsense in hopes of attracting votes.
Making Money Minute with Ron Hiebert
Making Money Minute with Ron Hiebert - Selling With No Regrets
If you own a stock that has become a huge financial windfall, the question that needs answering, is whether you should sell all of it, some of it, or hang on for even bigger gains. An investor in this position should ask themselves two things. How would I feel if I sold nothing and it dropped to zero? …And….How would I feel if I sold everything here, and the stock went up another 10 times in value? The best answer, is to sell enough, so you have minimum regrets, no matter where the price goes in the future. It is impossible to eliminate regret, but it is possible to minimize it.
