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When Should You Actually Sell Your Stocks?
By Seedly  •  October 11, 2020
There’s a famous maxim in the investing world that goes like this: “Buying is easy, selling is hard.” We can spend weeks and months analysing a company. But when the company’s shares crash for temporary reasons, we might panic-sell in an instant due to fear, erasing all our efforts spent on doing our due diligence on a stock. That emotionally-driven action would be detrimental to our long-term investment returns. Here are three guidelines to help us determine rationally when to sell a particular stock. (Hint: Selling due to a stock market crash is not one of them.)  Source: Giphy 1. When a Mistake Has Been Made  The first reason is an obvious one. This happens when we make a mistake in the original purchase of the stock, and the company is not as favourable as originally thought to be. To handle this situation, we must have self-control and the ability to be honest with ourselves....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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