While quite a bit of time and research goes into selecting stocks, it is often hard to know when to pull out especially for first time investors. The good news is that if you have chosen your stocks carefully, you wont need to pull out for a very long time, such as when you are ready to retire. But there are specific instances when you will need to sell your stocks before you have reached your financial goals.
You may think that the time to sell is when the stock value is about to drop and you may even be advised by your broker to do this. But this isnt necessarily the right course of action.
Stocks go up and down all the time, depending on the economyand of course the economy depends on the stock market as well. This is why it is so hard to determine whether you should sell your stock or not. Stocks go down, but they also tend to go back up.
You have to do more research, and you have to keep up with the stability of the companies that you invest in. Changes in corporations have a profound impact on the value of the stock. For instance, a new CEO can affect the value of stock. A plummet in the industry can affect a stock. Many things all combined ...
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