Motley Fool CEO: Selling Winners Too Soon Is Investors' "Most Significant Mistake"

In a recent interview, The Motley Fool's CEO and co-founder, Tom Gardner, was asked what is the most significant mistake investors make. And it might be surprising to learn that the mistake he mentioned isn't one that involves losing money, at least in the immediate sense."The most significant mistake that an investor makes is selling a winner too soon," Gardner said. "We don't think that because when we look at our portfolio and see a stock that's down 37%, we think 'that's the worst mistake I've made.' I put $4,000 in it, and I lost $1,000."Gardner went on to say that there's a far greater risk of loss when it comes to selling a winning investment too early: "The biggest loser, though, is the winner you sold too soon -- that is, the ability to take money, $10,000, and put it into Starbucks (NASDAQ: SBUX) and end up with $500,000."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool