Business
This is when you should sell your shares – Motley Fool Australia
A fund manager explains how the current propping up of businesses and citizens in financial trouble will in the future lead to an omen to sell down your portfolio….
There is a definite event that will signal when to sell your shares, according to one fund manager.
Both Australian and US shares have been on a tear this year. First they hit historic highs in February, then after a COVID-19 crash in March the markets again rocketed upwards.
Nucleus Wealth head of investments Damien Klassen said that just before the pandemic hit, the debt cycle seemed to be nearing the end. That is, businesses and consumers were nearing a time when they would pay down their debts.
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