In honor of Worldwide Invest Better Day (WWIBD), we at The Motley Fool are recapping our "13 Steps to Investing Foolishly" — steps you can follow to become a better, more Foolish investor.
In the following video, Chief Investment Officer Andy Cross explains the importance of Step #10: Don't sell too soon. Selling a stock should be just as big a decision as buying, and our preference will always be investing in great businesses for the long term.
That being said, certain situations can tip the balance in favor of selling, and Andy identifies five specific circumstances that may indicate it's time to unload.
If you remember just one thing, though, it should be this: Fear is not a reason to sell! When the Dow Jones Industrial Average
Andy Cross has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.