If investors should "buy when they sigh, and sell when they yell", this should be a time to offload their stocks.
The benchmark indices hit their all-time high levels last week and many analysts expect a bumpy ride ahead.
But don't be in a hurry to press the 'sell' button.
"Our favourite holding period is forever. If you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." Warren Buffett CEO, Berkshire Hathaway
Investing gurus say that you should get out of an investment only if the reasons for the investment have changed.
"Don't look for multibaggers. If you invest in fundamentally sound companies with good growth prospects, they will become multibaggers with the passage of time." Rakesh Jhunjhunwala Ace Stock Investor
Others extol the virtues of holding for the very long term. As Warren Buffett says, "Our favourite holding period is forever."
"If the job has been correctly done when a common stock is purchased, the time to sell it is—almost never." Philip Fisher Investing Guru
The decision tree developed by Vishal Khandelwal of safalniveshak.com can help stock investors decide the best course of action.
Disclaimer: The facts and opinions written in this column are those of the author and do not reflect the views of economictimes.com.
