Business Talk – PSG’s Wendy Myers explains when you should sell a stock
In this Business Talk with Michael Avery interview, PSG Head of Securities Wendy Myers unpacks when it is the right time to sell a stock.
Myers is a qualified Chartered Accountant who boasts over 20 years of experience in the financial and investing industries.
Her financial career began as a Global Markets Finance Business Partner for Rand Merchant Bank in 2004.
Myers worked in this position for over ten years before being appointed COO of FNB Stockbroking and Portfolio Management for Ashburton Investments in 2015.
She was then appointed COO of FNB Wealth and Investments in 2017, before taking on her current role at PSG Wealth in 2021.
Myers has also held several other important roles in the financial sector, including being a member of the South African Institute of Stockbrokers since 2000.
The interview
Myers begins this interview by providing her key guidelines that should be considered when deciding when to sell a stock.
She emphasises the importance of controlling the two emotions that often affect investors when deciding whether to sell a stock – greed and fear.
Myers then explains when she believes investors should refrain from selling a stock – even when the temptation exists.
These include being tempted to sell when a stock’s price makes a sudden jump either up or down.
Myers also unpacks the benefits of working with a financial advisor to determine when is the right time to exit a share.
Watch the full interview with Wendy Myers below.
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