When it comes to your portfolio, the stocks are like the players of your fantasy football team. They all serve a special role in helping you win. But as Chief Income Strategist Marc Lichtenfeld explained last week, some stocks underperform and need to be cut. We know that parting with stocks you love isn't always easy, even when they're dead weight. But in this week's episode of State of the Market, Marc discusses an even more difficult investing decision... When to cut a winner from your squad. Say you have a winning stock in your portfolio... You might be tempted to hold on to the stock in hopes it will continue to rise. You're emotionally invested in it now. It's your champ, your ringer... right? Wrong. At a certain point, you need to take your profits off the table. That means you need to sell winners before they start losing some of your hard-fought gains. |
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