Should I Sell My Shares and Book Profits Now?

A question asked very frequently by investors is: Should I sell my shares and book profits now?

Unless you desperately need the money to meet an expenditure that cannot be postponed, you need not take it out.

It does not make sense to sell your stocks and put the money in another stock without a very strong reason. Similarly, just because your fund has given a great return, don't sell your units only to take the money and invest in another fund.

Stay invested if you don't need the money for the next one to two years. Take it out if you want to invest in another asset class. Maybe you want to buy some land. Or, maybe, you have a goal like buying a home.