Don't Fall Into the Love Trap
There is often an incorrect perception that value-oriented investors are simply long-term buy-and-hold investors. That may be the case for many self-described value investors, but I have a different viewpoint. My strategy is actually simple: When my target price is met, I sell. Sometimes that target price is reached in a few months -- and, if so, I sell. Other times, the target price is reached over a period of years -- in which case, I am happy to wait it out, provided I have no better use for the capital.
One of the biggest traps for some investors is falling in love with a stock. Love, whether it regards a stock or anything else, creates a universal problem: It clouds your judgment. Though I am not a trader, I do admire these folks for their ability to treat stocks indifferently....417 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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