Should I Sell My Winners? 3 Rules of Thumb

The big question this year in 2021, is "should I sell my winners? " 2020 was a crazy year in the markets and some stocks saw some out of this world gains.  Some are up double, triple, or even more than that.  Therefore, if you have some of these winners I don’t have to tell you that thoughts start to creep into your mind like, "can it keep going up?"  "Is it going to go down now?" "Should I hold?"  Should I Sell?" Etc, etc.  Unfortunately, the answer to “should you sell” is a “it depends”  … I know it’s not a satisfying answer, but in this episode I want to share my own personal 3 rules of thumbs to selling winners to hopefully help you answer this question.   Please visit www.rhitch.com/resources for more information.   Ryan Hitchcock Financial Planner   Direct: 414-253-4611 [email protected]   Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results.  Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF.    1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.