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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: Shane M who wrote (642)12/7/1998 7:57:00 PM
From: James Clarke  Read Replies (2) | Respond to of 4691
 
<<I find it very difficult to be a "buy and hold" type investor. The more my stocks go up, the more I want to sell and get into new opportunities.
Was wondering if anyone would like to comment on how they deal with this dilemma?>>

Except for a select few, I sell 'em. No questions asked. The way I really get into trouble is letting somebody else's dogma change my stragegy midstream. If I bought a stock for a 25% gain, and it goes up 25%, I sell. If I bought a stock to hold forever, I try to resist the temptation, but sometimes I give in, and I usually end up regretting it. First rule of investing - Know thyself.

Jim