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Have a clear exit strategy for each investment from "summary" of Investing Basics for Beginners by Razaq Adekunle
When making investments, it is crucial to always have a clear exit strategy in mind. This means knowing when and how you will sell your investment before you even make the purchase. Having a well-thought-out exit strategy can help you avoid making emotional decisions during turbulent times in the market. It also allows you to capitalize on profits when the time is right. One common exit strategy is setting a target price at which you will sell your investment. This target price should be based on your research and analysis of the market, as well as your financial goals. By setting a target price, you can ensure that you lock in profits when the investment reaches ...
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