Just because stock market is up and hitting new all time highs everyday doesn’t always mean it’s time to sell. A good rule of thumb is to sell when all of the four criteria listed below have been met.
1. You need money. Likely a 5 to 6 figure amount or some amount that you don’t have in your emergency fund.
2. Stocks are doing well and close to all time highs
3. You have long term capital gains.
4. The needed funds is not easily accessible by any other means. You don’t have it in your emergency fund and can’t sell any unneeded items to generate the cash or work a part time job or side gig.
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