Chapter 21
Ten Things to Consider When Weighing an Investment Sale
In This Chapter
Considering your investment goals and other big-picture issues
Factoring taxes into your profit
You can and should hold good investments for years and decades. Each year, people sell trillions of dollars’ worth of investments. My experience helping folks get a handle on their investments suggests that too many people sell for the wrong reasons (while other investors hold on to investments that they should sell for far too long). In this chapter, I highlight ten important issues to consider when you contemplate selling your investments.
Remembering Preferences and Goals
If your life has changed (or you’ve inherited investments) since the last time you took a good look at your investment portfolio, you may discover that your current portfolio no longer makes sense for you. To avoid wasting time and money on investments that aren’t good for you, be sure to review your holdings at least annually. But don’t make quick decisions about selling. Instead, take your time and be sure that you understand tax consequences and other ramifications before you sell.
The time that it takes you to manage your portfolio ...
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