When it comes to investing, the good old “buy and hold” approach is really a solid bet. If you load up on quality stocks and hang onto them for years, there’s a good chance you’ll come out ahead financially.
Still, there may come a point when you’re tempted to sell a stock, and that could end up being a wise choice. But before you unload a stock, be sure to answer these important questions first.
It’s one thing for a stock to be underperforming, in general — consistently losing value instead of the other way around. But a near-term hit is another thing, and if that’s the scenario you’re looking at, selling could be a big mistake.