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.
All content for Making Money Minute with Ron Hiebert is the property of Ron Hiebert and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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 - Long Term Market Cycles
Investors need to understand that stock markets move in extended cycles. Long term bull markets tend to last 15 - 20 years. Long term bear markets run 8 to 15 years. The bull market we are currently in, started in 2013 and is still going. The previous bear market, started in 2000 and ran for 13 years. Within these long bull and bear cycles, markets typically experience shorter term ups and downs, which investors try to trade profitably. However, most investors make money playing the long term trends and don’t do so well trying to catch the shorter term movements.
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.
