Now for my investing New Year’s resolutions: 1) I will not invest in any growth stock if I can’t give a one-sentence summary of why I like it. Note: Hearing it mentioned online or on a TV show doesn’t count! 2) I will not allow any stock position to hand me a loss greater than 20%. Ever. Note: Knowing when to sell separates the market’s victors from its victims. 3) I will clean out my portfolio of any stocks in which I have a big loss. Note: Hope makes a great breakfast, but it’s a sorry supper.
