I’m often asked when the right time is to sell an investment. There are actually two answers — a logical one and an emotional one. Let me explain by illustrating through one of the lessons in a course I teach.
Last spring Cathy and Gary Chester put their ranch home in Morris County, N.J., on the market. Come August, the house is unsold and Cathy admits that she's enjoying another summer in the home that the couple built 21 years ago.
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