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Financial risk, reward, goal: Here's the right way to book profit

Don't try to excessively time the market or exit an investment because others have done so, say experts

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Withdraw an investment if you have achieved your financial goal. (Shutterstock image)

6 min read Last Updated : Dec 21 2023 | 7:57 PM IST

With stock markets at a new high, investors want to book profits ahead of the New Year. Worries about Covid-19 or US markets moving down slightly could be factors too, but it's important to book profit correctly. "Deciding when to book profits depends on various factors, including your investment goals, risk tolerance, market conditions, and the specific asset you're holding," says Vijay Kuppa, chief executive officer (CEO) of InCred Money.

Achieving goals

A major reason for booking profits is when you have achieved your financial goals. "If one is near a financial goal or if the allocation has gone beyond

Topics : SIP Mutual funds BSE NSE Personal Finance Market news

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