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 - EV Depreciation
Anyone who has ever wanted a high end, all electric, European super car, but was put off by the six figure price tag on the showroom floor - just got a break. On auction sites like supercarblondie, where high end iron is bought and sold, the bargains are amazing. Two year old, low mileage, EV’s priced at $150,000 plus when new, are now being firesaled at discounts of 50% to 60%. The first owners of these cars have taken a huge financial haircut, but that has made them affordable luxury, for lots of others.
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.
