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How to Nail Down Your Profits: 20 Questions for a Disciplined Approach

by Donald Cassidy

How To Nail Down Your Profits: 20 Questions For A Disciplined Approach Splash image

To be successful, an investment must not only be bought well, but also sold right.

Until sale occurs, the apparent outcome is merely a tentative, paper result. A handsome profit can wither at any moment (due to sudden bad news or a market meltdown) until it is actually nailed down.

Properly, much attention is given to studying what to buy, but woefully inadequate energy is devoted to the hold/sell decision. Ironically this is backward, since dollars already invested are at more risk (and so deserve more attention) than cash not yet invested.

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Donald Cassidy was senior research analyst for Lipper Inc., a Reuters Co., from 1990 to 2006. He recently founded the Retirement Investing Institute, a nonprofit educational foundation, and is the author of five books on personal investing, including “It’s When You Sell That Counts” (now in its third edition). Contact the author at don@R-I-I.org.


Discussion

Jim from New York posted over 3 years ago:

I could not print this, save it, etc.

Anyone know why?


F from Kansas posted over 2 years ago:

Just copy and paste into a word processor. I found it very easy. If you do not know about copy then highlite with your mouse and press Crl C then go to your word processor and hit CTL V and that will paste it into the WP and you can save or print it out.


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