My friend prefers to sell his stocks and take out profits almost on a monthly basis. Eg if Apple goes up in a month and he sees say, $300 profit, he sells. I am more of a looking term person. I just keep on pumping money into my stocks, etf, wealthfront, 401k, 529 etc I do see unrealized gains, but do not sell as I feel I do not need that money right now, and HOPE that in future it will be a bigger amount.
Is there a reason my friend's approach might be a better approach to lock in profits?
Submitted January 27, 2019 at 10:17AM by saurabh69 http://bit.ly/2RRwkJd
