It also takes some insight without too much fretting over hindsight. It's a lesson being learned by many a novice investor, including the Nest Egg club members. One of the most difficult decisions to make is when to sell that stock. If you are playing the short term without considering the long-term merits, you are gambling. I think it was Warren Buffett who said that he wouldn't hold for ten minutes a stock that he is not prepared to hold for ten years.
Some stocks are good long-term investments.
I'm back on that old song again. Decent average return. They're the ones that allegedly planted bombs at Bio-Chem Pharma in an effort to manipulate the stock price and their trial is now in progress. It's amazing what greed can make you do. If you are averaging ten to fifteen per cent annually over time, you are doing very well.