I spoke with John Budden of CFRA’s Business at Night about why investors find it hard to sell investments – even when it is in their best interest to do so.
Listen here to find out what you can do to protect yourself from expensive mistakes.
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Aunt Martha left you 10,000 shares of XYZ Co. Your advisor highlights that XYZ now comprises 25% of your investment holdings and you should diversify. Do you hold them or sell them? In our regular series, the Science of Investing, Greg Hubert of CFRA Business at Night and I discuss the resistance many investors have to selling. Considerable research has been done to understand why investors hold onto investments when rationally they should not. In this Part 1 of a two part series, we talk about “Why is it so hard to sell?” Listen here.
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