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Started By
Message
Long term holder, when should I sell?
Posted on 1/31/23 at 10:52 am
Posted on 1/31/23 at 10:52 am
I’m a basic investor that is now taking a more serious look at making some money in the market
I looked over my portfolio and I have 6 or 7 stocks I’ve held on to for years that I’ve lost money on from when I bought it
Should I just dump those or transfer to buy another stock or wait for them to go up?
I looked over my portfolio and I have 6 or 7 stocks I’ve held on to for years that I’ve lost money on from when I bought it
Should I just dump those or transfer to buy another stock or wait for them to go up?
11
Posted on 1/31/23 at 11:03 am to dallastiger55
Not financial advice, but if this is the level of attention you intend to pay to them going forward, then you'll be better off to sell all your individual stocks and just have those $ in index funds instead.
Posted on 1/31/23 at 11:04 am to dallastiger55
Starting over, would you buy again today or invest in something else?
That should guide your decision. Dont be fooled by sunk cost fallacy.
That should guide your decision. Dont be fooled by sunk cost fallacy.
quote:
the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.
Posted on 1/31/23 at 11:11 am to dallastiger55
I have 6 or 7 stocks I’ve held on to for years
--
How many years?
--
How many years?
Posted on 1/31/23 at 11:23 am to ItzMe1972
3 or 4
Posted on 1/31/23 at 11:38 am to dallastiger55
quote:
I’m a basic investor
Sell and get into low cost index funds.
Posted on 1/31/23 at 11:50 am to dallastiger55
You should’ve sold in November 2021
Posted on 1/31/23 at 12:19 pm to dallastiger55
The companies/symbols would be helpful
Posted on 1/31/23 at 1:31 pm to deathvalleytiger10
quote:
Sell and get into low cost index funds.
The fact OP is asking for advice on individual stocks without even mentioning the tickers makes this the obvious answer if they want to remain in equities.
Posted on 1/31/23 at 3:16 pm to dallastiger55
Did you ever get that Boeing stock you wanted so bad at $125 several years ago?
Posted on 1/31/23 at 4:49 pm to dallastiger55
quote:
I looked over my portfolio and I have 6 or 7 stocks I’ve held on to for years that I’ve lost money on from when I bought it
Did you buy these stocks based on their fundamentals and has something changed with regard to that? If you bought for some other reason, has that reason disappeared? If the answer to either question is “yes”, then I suppose you should consider exiting those long positions.
But really, you’re asking a sort of open ended, general question. We’d just be guessing at an answer without specifics.
Posted on 1/31/23 at 6:57 pm to dallastiger55
quote:
Should I just dump those or transfer to buy another stock or wait for them to go up?
Selling losers works better than selling winners which sounds paradoxical
Posted on 1/31/23 at 8:24 pm to dallastiger55
quote:
Should I just dump those or transfer to buy another stock or wait for them to go up?
If you had the money in those stocks in cash right now, would you use that cash to buy those stocks today?
The answer will help you decide whether to sell or hold.
Posted on 1/31/23 at 11:10 pm to dallastiger55
Sell if you can use the capital losses to offset capital gains.
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