When To Sell...

How to Minimize Regret

Summary

• Selling is the most important aspect of the trade - far more important than the buy.

• The current rich valuation in closed-end funds can last for several years as pointed out by John Cole Scott.  Or it can end tomorrow.  We just don't know.

• Investors need to assess their own risk tolerances to a drop in market values - whether its 5% or 50%.  If it'…