Things to Consider Before Selling Your Stock

Restraint NOW could mean more profits LATER

Photo by Austin Distel on Unsplash

Disclaimer: This post is not financial advice. Individual investment outcomes and results may vary.

Congratulations! If you’ve made it this far, you’ve successfully bought some stock and are in a position where you think you’re ready to sell. You’re selling for one of three reasons.

1. You made a profit and you want to realize it.
2. You’re at a loss and you’d rather get out now.
3. You’re not in bad or good shape, but you want money free for another opportunity.

I sincerely hope you’re here because you’ve fallen under #1 or at least #3. If, however, you’re under #2, hopefully the losses aren’t too bad.

Regardless of the which scenario you fall under above, you’re trying to decide whether or not you should sell. Before you sell, there are a few considerations that I think are important to have.

The first one, do you really want to sell?

Do You Really Want to Sell? If so, Why?

First, do you really want to sell? You’re shares have grown so far, maybe they’ve got a little more growth in them!