While this seems like a common sense trio of options, you may be surprised at the number of people who have a tough time deciding which one to do and when to do it. The most common problem comes when deciding whether or not to sell.
Many people who have made an investment want to stick with it hoping that the end result will be profitable; however, it things go sideways, they wantt to avoid holding onto a losing investment.
Perhaps it is a fear of failure that leads to this situation. Maybe somewhere in their head they really do think that it will turn around and pick back up if they just wait out this tough time. Or maybe they are just not able to see the writing on the wall and ignore what is happening Nike TN Requin to their hard earned money that has been invested. No matter the reason, there are many people who just don�t know when to stop the bleeding from an investment.
Instead of keeping items in your investment portfolio when they are failing or not working for you, you need to regularly look at your investments and ask yourself some questions.
Is it making money?
The first and most important question is whether or not your investment is making money. After all, this is what investing is all about, right? If you had a stack of money at home and someone kept coming in and taking a handful of it here and there, would you let that continue? If your investments are losing money each year, it may be time to cut your losses, make a sale, and move on.
If you do this you can take the money from the sale and invest is somewhere else. For real estate investors, the wise way to do this is research the available options
Is this moving me towards my goal?
You should have an investment goal. This could be to put aside a particular amount of money towards your retirement or to save enough to send your kids to college. No matter what your investing goal, you should regularly look at your investments and ask yourself if those investments are moving you towards that goal. Nike TN If they are not you really need to take a serious look at whether or not it is time for this investment to go and give you a chance to purchase something that will move you in the right Tn Nike direction.
This article was written by Robert Shumake, REITs expert, entrepreneur and philanthropist. To read more about REITs investing, visit Robert Shumake�s REITs Information site at
Contact:
William Smith
Inheritance Capital Group, LLC
25900 W. 11 Mile Road; Ste 260
Southfield, MI 48034
Phone: 249-443-0939
Email: wsmith@icgreit.com
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