Becoming emotionally attached to your stocks has the same challenges as picking popular stocks. It’s hard, but it is important to not have emotions play a part in your investment decisions. This is one of the main advantages of working with a financial advisor. Your advisor will look at your situation and your investments without the emotion that you may have when looking at your investments.
When Profits are Realized. A profit is realized when you sell. The ideal time to sell a stock can vary and is generally based on your investment time horizon and overall goals. It is important when investing to define your timeframe and when to expect to sell an investment and realize any potential profit.
Market Timing , it is common for investors to think they know best when to buy or sell an investment. But emotions, lack of experience and other factors can get in the way. Working with a financial advisor can remove these hurdles and keep you on track with how best to manage your overall investment strategy.