- Generally, I'm a buy-and-hold investor. I don't sell stocks simply because they have appreciated in value or have become what I consider overvalued.
- I decided to sell my position in UDR because I don't believe the REIT will be able to grow as fast in the future as it has in the past.
- The timing was good to sell, as it gave me the chance to reinvest the proceeds into beaten-down names that I've been wanting to grow in my portfolio.
- Whether or not you agree with this trade, I hope my step-by-step reasoning can be helpful to you in thinking through your own portfolio positioning.
For further details see:
Why I Sold UDR And Where I Reinvested The Proceeds