Cashing out of stocks

I don’t sell for a loss...not on the year, not on the asset, no matter the term.




Edit: I should have been more clear. I’m not selling any holdings at present. I’m long on good investments. No need to go to cash at a loss to redirect into something else.

Gonna do a bigger investment in a 4 unit apartment building with a family member. They’ll pay me interest for the loan during construction and then I’ll take a unit and $200k when it’s done. I’m thinking it will be a vacation home.

Down 9% YTD isn’t far fetched. The energy sector has done well this year. Xom for example is up 73% YTD and hit an all time high Friday.

I never seem to time things exquisitely.

I don’t have any money that I need to spend in five years in equities.

Those people have no choice but to be fully invested or they get fired. A little different scenario. He could be heavily concentrated in Energy and commodities or short bond funds and done that well.

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I don’t sell for a loss...not on the year, not on the asset, no matter the term.

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Taking a L on a stock and moving on is an important lesson to learn.

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I don’t sell for a loss

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You must be an old fart or only invest in non risky stocks or etf's. If you got in like i did about 3 years ago and didnt sell some of your losers for a loss at some point in the last year you are in a world of pain right now. I bought some tech stocks and a few other none tech stocks about a year and a half ago. I set the stop loss pretty low but glad i did some of those are down like 80% from their highs. Sure i lost a portion of my initial investment but at least the remaining balance i have used to buy better positions.

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shite does this mean we bottomed? Not positioned for that yet.

Eta: Also I recognize the name. Didn't you make the same random new csb thread about selling everything once or twice like a year ago?

Eta2: you did, your thesis on 9/4/21 was the fed would never taper and that was going to cause a 20% drop in the next couple of months somehow so you were getting out and going to cash while inflation raged unchecked thanks to fed and "slow joe", as if that thesis made any logical sense at all. Cash would have been the worst place to be under those conditions meanwhile the market went on to new highs over the next quarter. Then after that quarter when the fed did announce it would taper, as you desired, the market went down 20% over a year and you're back to say you were lying, didnt sell out, were in energy that whole time greatly outperforming market and now you're gonna sell everything again?

This is a great case study in why all or nothing timing threads get flamed or met with non-serious replies on this board usually. Guess we should prepare for a nice quarter long rally if your sell everything timing stays on par or at the very least, prepare for the thread in a year where you didn't sell and in fact were hiding away in whatever sector performs the best over that time frame.

Sup international Bammer