Knowing when to sell is as important as knowing when and what to buy, but the decision can be an emotional one. These tips from Merrill can help you time your decision.

More than any other investing decision, finding the right time to let go of an investment can be driven by emotion. If an individual stock, mutual fund or exchange-traded fund has performed well, you may feel like you are giving up potential future gains by selling. FOMO, or fear of missing out, is a reason many investors hang on longer than perhaps they should.

On the other hand, if an investment has lost ground, you may be reluctant to sell because you will not be able to recover the value you lost. Selling at a loss feels like defeat.

Neither of these impulses is hard to understand. Yet it is just as important to have

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