While there are not too many articles featured in MarketWatch that I can agree with, there was one recent feature titled “Knowing when to get out” that was very sensible. It addressed the fact, I have been hammering on for years, which is that your portfolio can benefit immensely from having a selling strategy.
While the story is not very explicit on what an investor can do to set up and implement a selling method, it nevertheless is a step in the right direction. I have to agree with the assessment that “selling is an art and buying is a trade.” To my way of thinking, ‘when’ you sell is far more important than ‘when’ and ‘what’ you buy. Why? Because when you sell at a profit, monopoly money turns into real money.