551. When Should I Sell ?

Sometimes, you hold a profitable investment and wonder whether or not to sell it. Do not be in any doubt. If you are asking the question at all then you should sell. Nobody ever went broke by taking a profit. As part of your financial plan, you should already know your selling price and if the investment has reached it then you should sell and move on. Remember that your profit is made on the day you buy not the day you sell.