An old investment adage says you should cut your losses and let your winners run.
Regarding lesson #2, couldn't you also make the argument to cut your winners, since it seems unlikely that it will be one of the few long-term stocks to outperform bonds?
Yes, but in practice, taking profits seems to be really easy for most investors. Too easy in fact.
Regarding lesson #2, couldn't you also make the argument to cut your winners, since it seems unlikely that it will be one of the few long-term stocks to outperform bonds?
Yes, but in practice, taking profits seems to be really easy for most investors. Too easy in fact.