52. When Should You Sell Your Investments And Take A Profit?
The Stocks and Savings Podcast
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Navigating Long-Term Investment Strategies
This chapter emphasizes the significance of adopting a long-term perspective in investing, advocating for a minimum time horizon of three years. It contrasts the pitfalls of short-term trading with the benefits of a passive investment strategy using index funds, while exploring the thought process behind selling individual stocks versus index funds. The discussion also covers psychological influences on investing decisions and the importance of evaluating performance in the context of changing market conditions.
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Transcript
