Navellier Growth: your source for market-beating growth stocks

 

I have been with you for several years.  How do you recommend taking some profits off the table?

Here is how I recommend that you take profits:  First, check your stock allocation to make sure that you're holding 60% of your portfolio in our Conservative stocks and 30% and 10%, respectively, in our Moderately Aggressive and Aggressive stocks.  Second, if you are over-allocated in Moderately Aggressive (over 30%) or Aggressive (over 10%) stocks, then I recommend that that you trim back on winning stocks that have gotten over-allocated based on price appreciation.  Third, in a pension account, you can trim immediately, but in a taxable account, you should wait until a stock is more than 12 months old, so you only have to pay 15% federal taxes on your gains. This trimming should get you back in good standing with your allocations and capture the gains you’ve been holding on to.

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