Ask Colin

I do find the thought of selling my CBA (with its capital gain and ever increasing dividends) quite difficult. How do you decide when to sell?

You are finding it difficult because you do not have a clear investment strategy. You should have clear guidelines for when to buy and when to sell. If you do not have them, then you are flying blind and have no frame of reference to make decisions. That is a recipe for disaster in any business and especially investing or trading.

If you study my investment plan in my videotape seminar Building Wealth Through Shares, you will see the elements that I think need to go into an investment plan. You can see my rules and you can adapt them to suit you own objectives, needs and personality.