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No. of Recommendations: 1
Jim,

IMO I would sell a stock when I find a stock that i think will bring me a better return over the long haul than the one I am sitting on. If a RM stock, say PFE, loses focus and begins to manage its finances poorly, and builds excess inventory, this will be reflected in your RM analysis.
If you find another company that is of RM caliber and is doing everything right financially and it has the same or better growth prospects for the long term, I see no reason not to dump PFE for a better investment. This assumes that the tax charges and transaction cost are palletable to you(are they ever). That is why we spend time on a quarterly basis reviewing the progress of our stocks.
My top stocks list is just that. They are my current top stocks. These stay the same for the most part but they can be fluid as companies change. This shouldn't happen much with RM Co's but it can.
When considering a sell, I ask myself, "Is there somewhere else I can put this money that will keep me diversified and make more money than where is currently." This mindset has guided me well so far.

MJF

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