When to Sell: Build a Disciplined Exit Framework

Selling is where most discipline goes to die: people hold losers too long and dump winners in a panic. You list the positions you are doubting with their gains and losses; this builds a rules-based exit framework, separating a genuine fundamental change from ordinary volatility, handling big gains for tax and reinvestment risk, and setting the conditions that justify a sale. For investors who want a rule instead of a mood.

I hold the following positions and am questioning whether to sell: {POSITIONS_AND_REASONS} (list each holding, current gain/loss %, and your reason for doubt). Help me build a disciplined, rules-based framework for deciding when to sell an investment. The framework should address: (1) selling due to fundamental change vs temporary volatility; (2) how to handle positions showing large gains (tax, reinvestment risk); (3) how to handle loss-making positions (sunk cost fallacy vs genuine thesis break); (4) portfolio-level triggers such as allocation drift or life events. Apply this framework to my specific positions above and give a HOLD, SELL or REVIEW verdict for each with a one-sentence rationale. My account type is {ACCOUNT_TYPE} and tax year end is {TAX_YEAR_END}.