Early into my investment journey, I was checking my portfolio (way too) regularly and being excited with every small gain.
One of the biggest mistakes was not letting my winners run. As a beginner investor, I was more than satisfied when I made a 20% profit – especially within a short time frame – and thus, quickly cashed in whenever my stocks hit that kind of profit range. However, these stocks later turned out to be multi-baggers, gathering more than 100%+ profits. In fact, there were a couple of stocks, where I made several buy-ins, each at a higher price point (ouch)....This article was submitted by a Guest Contributor. The opinions expressed in this publication are those of the Guest Contributor.
Investing certainly has its ups and downs.
Here are 5 things I wished I knew earlier in my investment journey.
1. Letting my winners run