The Standard & Poor 500 Index has reached an all-time high and investors wonder if this means stocks are overvalued. Should you sell? Knowing when to sell is the ultimate challenge for many stock investors. We hesitate to take a loss, hoping the stock will recover, and we hate to sell our winners, thinking we haven’t seen the top.   It is relatively easy to buy. You hear a good story, the stock looks “cheap”, the market is down and sentiment for stocks is strong. How do you know when to sell? History has proven that losses are hard to recoup so it is best to avoid mistakes and take a disciplined approach to investing. Emotions are your enemy when it comes to investing. We often regret too much cash when the market is rising and we wish for more after a market decline. Today, pundits tell us the market is[more…]