Here's When You Should Sell Off Your Mutual Funds
Emotions play a big role in your life, but they can be downright dangerous to your finances. When emotions drive your investment decisions, you might let fear of missing out drive you to buy at the top of the market. Or you might sell at the bottom, in a panicked attempt to limit losses. Either strategy ensures that your returns will be well below market averages.
That's easy to understand, but much harder to avoid in practice. Market volatility can lure the most seasoned investor into making rash decisions: It's human nature. Combat the panic in these turbulent times by getting back to basics. Assuming you are a long-term investor, there are only five main reasons you should be selling your mutual funds.
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Source Fool.com
