Know When to Sell

Don't sell just because the price has gone up or down, but give it some serious thought if one of the following things has happened. 

• Did you make a mistake buying it in the first place?
• Have the fundamentals deteriorated?
• Has the stock risen too far above its intrinsic value?
• Is there something better you can do with the money, that is, you can find better opportunities?
• Do you have too much money in one stock, taking up too much space in your portfolio?