Friday, February 6, 2015

Financial Thought of the Day February 6, 2015: There Does Come a Time to Sell

I will always advocate investing for the long-term. Commission and/or taxes eats into your returns when you day trade. Not to mention that it turns your stock brokerage account into a virtual gambling casino. However, sometimes you need to sell your ownership stake in a publicly traded business when the fundamentals are no longer sound and when you need to fulfill a life necessary expense such as retirement and education for a child.

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