According to Jim Cramer, now is the right time for investors to realize some gains in this heated market.
- It's a good time to sell winners in your portfolio to take a profit, according to CNBC's Jim Cramer.
- Cramer urged investors to take off a little bit of their gains, even if nobody wants to sell in this hot market. However, he stated that he is not willing to watch his winners turn into losers.
Cramer advised investors to sell off some of their recently surging stock holdings in the current bull market.
Cramer advised his viewers to sell off some of their gains, even if it's just a little bit, as the market is too hot and nobody wants to sell. However, Cramer stated that he is not willing to watch his winners turn into losers.
Cramer believes that now is a good time to take some profit, although the market itself is not down.
"Hogs are slaughtered, while bulls and bears make money," he stated.
Cramer advised selling off some of your positions in companies that have experienced a stock increase, while keeping some if you are confident in the company's future prospects.
Cramer sold some shares of the chipmaker and software company, despite being high on its fundamentals, to ensure that his charitable trust made money from the more than 20% increase in the company's stock price over the past week and a half.
Cramer recommended selling some of the stock that jumped more than 15% on Tuesday, which has increased by over 400% this year.
Cramer advised that since it's challenging to predict the peak of an individual stock, one should sell their winning stocks gradually as they rise in value.
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