re: ZOM making a nice run

quote:

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If it's a sound company that you believe in and invested in for long term, there's no reason to sell shares out of fear only to pay on short term gains, then put what you have left into some other stocks. That's just how I feel, but only time tells who's right or wrong.

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You should never sell out of fear period. Selling some of a position doesn’t mean it’s a bad stock. Like I said, think of your portfolio every day (not literally) as 100% in cash and start from scratch every day - what would you buy today with your nest egg? Tax considerations are real, obviously, but should be secondary to prudent portfolio management, IMO. It keeps you from FOMOing too much just as often as it keeps you from falling into the sunk cost fallacy.

Also, it’s not like selling means you have to bury it in the back yard. What you do with your profits can/should make money too.