Markets are at an all-time high and everybody is thinking - should I sell or should I hold on for more profits?
There are a few questions which can help us decide what to do:
Do I need cash?
Am I speculating or investing?
Is there any fundamental change with the investment that I want to sell?
Did I make a mistake while investing?
Have I changed my financial goals?
Have I decided to change my investing strategy?
Has my risk profile suddenly changed?
What would be the tax implications of selling the investment?
If I sell, do I know where will I use/invest the money?
Once we answer these questions as an investor, we get to know if we need to sell or do nothing.
Thanks for Reading
Milan