The Kinder Morgan Family To Combine Into One Kinder Morgan Company

If you look for wisdom from people who are dedicated to long-term investing—creating the kind of financial investment situations where you make decisions in 1990 that are still affecting you in 2014, you will often hear them talk about not selling overvalued stocks.

There are a lot of reasons why this is the case—when you sell something outside of a charity, retirement account, or certain trusts, you have to pay taxes so the amount of money that you have available to make a new investment might put you in a worse spot than had you never sold the stock.

Other times, the cost of dealing with the overvaluation doesn’t merit selling—after all, would you really want to let go of Colgate-Palmolive, Emerson Electric, 3M, and Procter & Gamble just because the price of the stock reached a point where the future forward returns from that price point would be 9.5% … Read the rest of this article!