Clinging to a winning stock that has significantly increased in value poses a critical challenge for investors. The temptation to lock in profits can detract from long-term portfolio growth. Selling a winning stock involves risks like capital gains taxes and the uncertainty of finding equally effective replacements. Long-term stock selection and holding can alleviate market timing anxiety. Investments like Cardinal Health signify robust long-term potential, driven by stable demand from healthcare needs, ensuring consistent revenue and profitability.
Letting go of a losing stock is simple, but clinging to a winner - especially one that's doubled, tripled, or quadrupled your initial investment - is where the real challenge lies.
There is no assurance that a new stock will match the performance of the winner you sold, and cashing out triggers capital gains taxes, eroding your returns.
By selecting stocks thoughtfully and committing to hold them for decades, you sidestep the stress of timing the market.
The reason CAH is such a compelling long-term investment is due to its critical role in the healthcare supply chain and its strong fundamentals.
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