Time To Lock In Gains?

The DOW, NASDAQ and S&P 500 are at very high levels right now. If we are attempting to always “Buy low and Sell high”, right now is a definitive moment when we should consider locking in gains on certain investments.

Which investments should we consider selling? Look at those investments that have run up rapidly, or are also at record highs simply along with the market, or don’t seem to have much more runway based on their current circumstance. Those investments are likely to go down as the market rotates lower so are good candidates to lock in gains.

Now, in fairness, as small retail investors we should look at our investments over a very long time horizon. I personally am not looking to sell anything right now. However, I am reviewing all my investments to determine if a move needs to be made.

Too often though people get excited when they see the market pushing higher and think that it is never going to end. They don’t even consider selling, if appropriate. But, markets go both up and down, and all too often, when the market turns, people panic and sell during the downturn.

So, what I have found as a more useful saying to remember is “Sell on up days and Buy on down days”. And, if the market is hitting a record, you need to think about making moves.

On another note, if you are looking for a gift for the young reader in your life, you can find some great children’s books on Amazon. Just go to these links The Desert Fairies of Oylara, The Rainforest Fairies of Oylara, and The Artic Fairies of Oylara and order them.

Additionally, check out this very cool podcast on Spotify called Gen X Dad and his Gen Z Teens. Entertaining!

Finally, check out some pretty cool music on YouTube if you have a few minutes: Introduction , Mosh, Smoke, Watch Out , and First Day Out. Enjoy!