When to book profits with shares
"Hey everyone, welcome back to [Your Channel Name], your go-to place for smart investing tips! Today, we're diving into an important topic: When should you book profit if you own shares of a company? If you've ever wondered when's the right time to cash in on your investments, this video is for you. Let's get started!" When You Reach Your Target Price "First up, always set a target price when you invest. Before buying shares, decide what return you're aiming for—50%, 100%, or maybe a specific dollar amount. Once the stock hits that target, it’s a good idea to book profits. Why? Because sticking to your plan helps you avoid emotional decisions. It’s better to walk away with gains rather than getting greedy and risking a downturn. Remember, discipline is key in investing." When the Fundamentals Change "Next, keep an eye on the fundamentals of the company. If the company’s performance starts to weaken—like declining revenue, rising...