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<p>[QUOTE=&quot;Morgan1878, post: 1172308, member: 17869&quot;]Well, first of all I <i>don&#039;t</i> make a 60% return on every investment! </p><p><br /></p><p>My overall average annualized rate of return over a 9 year period is a bit better than 9.6%, which I think is pretty good, but among the results are a few investment decisions that had 60% <i>negative</i> returns!</p><p><br /></p><p>There were also some investments that were pretty easy to spot as low-hanging fruit that worked out well.</p><p><br /></p><p>On the last decision I made, I sold 72% of a PM mutual fund last Friday, which coincidentally had a 72% return. I took profits, but I didn&#039;t want to be completely out of the gold market. Since this position is in an IRA, I don&#039;t have to be concerned with tax consequences. One reason I sold a big chunk was that I was getting a bit giddy about its performance and wasn&#039;t able to remain objective. Fear and greed were working their way into my mindset, so I took profits. </p><p><br /></p><p>The quote I posted is just a &quot;saying&quot;. For every investment decision, there are a unique set of circumstances. It is however helpful at the outset to establish targets at which you would buy or sell to eliminate some of the emotion in the investment decision. As well, if circumstances change along the way that could affect your investment either positively or negatively, you might raise or lower your original target to fit the new landscape.[/QUOTE]</p><p><br /></p>

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