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re: ZOM making a nice run
Posted on 2/9/21 at 5:46 pm to Buck_Rogers
Posted on 2/9/21 at 5:46 pm to Buck_Rogers
quote:
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.
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.
3
Posted on 2/9/21 at 5:54 pm to slackster
I’m overweight in a few but like their dividends and they get reinvested. There’s no steadfast “rule” for everyone. Much depens on financial golas timeline risk tolerance and ability to make non-investment income. Not saying you are wrong just saying you may not be right for others. As far as selling out of fear using “never” kind of turns people off. If you’re scared it is based on something and once the fear tips the scale to sell then it gets sold. Investing is more of a tailor made suit than a one size fits all or common sizes off the shelf
This post was edited on 2/9/21 at 5:55 pm
Posted on 2/9/21 at 6:01 pm to slackster
quote:
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.
Not gonna lie, it’s good to see good advice from you
I considered selling today because I was scared but then i asked myself what I’d do if today happened if I had sold yesterday and the answer is I’d buy back in today on the dip
In the past I’ve only lost money “selling high and waiting on the dip” so I don’t think I’ll do that anymore
Still have a long way to fall before “losing money” although it’d hurt my feelings to lose the house money
Posted on 2/9/21 at 7:20 pm to slackster
For those who buy VOO, Vanguard’s S&P 500 ETF, aren’t they putting ~7% of their money in AAPL?
I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.
This post was edited on 2/9/21 at 7:28 pm
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