By Goh Eng Yeow,
- Setting targets on profit and loss levels, selling enough to take back capital and some profit can take some angst out of making an exit.
- Don't get over-emotional over your shares. If you have lost money because a share has gone down, it can be difficult to let go. But, remember, most of us have only a limited sum to invest, and we should put the funds to good use to maximise our returns. Holding a soured investment stops you from using that money elsewhwere where you may get a beteter return.
- Top-slice your successful investments. If a share is on the share, it is easy to believe that uptrend will continue indefinitely. But, rather than sell off all your shares, what you can consider is to "top-slice" your investment - sell enough shares to take back your capital and some profit. If share price contines to go up, you will still have some exposure to the stock and can make further gains.
It is true that selling decisions are harder to make than buying decisions as buying may give us hope even when we discover that we are wrong and hoping that we soon will be right again. If such under-performing stocks continue to provide us with 'decent' dividend yield that is better than bank FD rate. Yalor How to sell?
Never mind about paper losses and even no more investing fund also never mind.
Is this never mind attitude OK in investing?
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