Wealth-Coaching

It is important to understand when your stock is ripe for the selling. This week we will look at some indicators that your stock shares may be in need of a sell-off. Each day we will examine a reason to sell your shares and reap the rewards. Knowing when to sell is the mark of a successful stock investor.

Today: Double your money

A general rule of thumb for selling shares in the stock market is that when your stock doubles, sell half of the shares. This creates a feeling of security (you got your investment back) AND it leaves money in the stock market that can grow. If the share price keeps going up, you will still have stock investment money in your stock portfolio to take advantage of increasing stock prices.