How long do you hold onto stocks for the long-term?
When do you guys dump stocks?
I am a very novice investor. I only have two stocks right now. Fannie Mae and Nokia, and I have various mutual funds.
All are doing very well for me.
My friend told me that as soon as he makes 20% he sells the stock. I've definitely made way more than 20% on the two stocks I have, but the problem is, if I sell those two stocks I have no idea what other stocks to buy?
What strategies do you guys employ for the long term investor.
I am a very novice investor. I only have two stocks right now. Fannie Mae and Nokia, and I have various mutual funds.
All are doing very well for me.
My friend told me that as soon as he makes 20% he sells the stock. I've definitely made way more than 20% on the two stocks I have, but the problem is, if I sell those two stocks I have no idea what other stocks to buy?
What strategies do you guys employ for the long term investor.
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