Selling Rules vs Guidelines
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Selling Rules vs Guidelines Our club is moving along nicely for the last 2 years. But now we're facing more decisions about selling (vs. buying at the beginning). Are there any clubs out there who have formalized rules about selling stocks? How about guidelines? We're looking to maybe establish a few official guidelines and possibly rules, though less likely on the rules. For example, we tossed around holding a stock for at least one year as a guideline assuming it's had no radically negative change in performance that needs reconsidering. Or as a guideline, some in our group have proposed selling 1/2 of the stock when its value doubles. Just looking to see what other clubs have formalized, if anything to help with selling decisions. Thanks! Kerri Bloom Bluffers Investment Club, Elgin, IL |
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