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 - Sports Memorabilia
If you buy right, sports memorabilia can be very profitable. A Mickey Mantle baseball card, sold three years ago for 12.5 million US. Last year, the jersey Babe Ruth wore in the third game of the 1932 World Series went for twenty four million. Recently, Kevin O’Leary, of Shark Tank fame, as part of an investment group, bought an autographed Kobe Bryant/Michael Jordan basketball card for 12.9 million US. The key, is to find something very rare, or someone, before they become really famous.
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.
