Exxon

No. Spend them to supplement travel and leisure expenditures.

I’ve got over 2000 shares of XOM accumulated over 30+ yrs and I’m holding. I don’t trade stocks, I buy and hold for the long haul, have done so forever. Complete novice. No grand strategy involved, just buy what I can afford, hold, and forget about them. It works for me (yes, it’s boring ). I’ve held firm thru some tough times with this stock, but with retirement in under 10 years the $7000 annual dividend is nice, so I’m holding. I’m in a good situation. We own our house and car, no notes, no children, and have no debt. Briefly considered selling off a few times in the past to buy property out west, but not ready to pull the trigger. It’s very tempting now, very, but I’ll hold.



But don’t listen to me. Hell, I’ll probably die with all my stocks sitting in my portfolio.

quote:

---

would you sell half your shares right now at today’s market price?

---

As Torch mentioned, it has a lot to do with what percentage of your portfolio that position is. Other factors might be your financial needs, risk tolerance, etc.

There have been lots of buying opportunities in oil and gas the past 3 years. The commodity is very cyclical and takes 3-5 years to balance supply/demand. Obviously you can buy and hold but I’d probably pair back trades heading into 2024. Supplies should start to ease and oil typically gets over produced when the swing occurs.

Kind of in the same boat. I inherited a bunch of XOM and already had a decent position in CVX. I'm holding for now.

I had some trailing stop loss orders fill this summer when XOM got over $100 and retreated a little. Don't regret taking that nice profit.

To answer the OP's question - yes, I would sell some and look to repurchase on a big dip. But that's just me.

quote:

---

Why did you keep it all through all these years of getting beat by the S&P500 consistently? Has something changed that you hypothesize will garner consistent market beating returns moving forward? If not, sell if not all at once over time scale back your position.

---

over the last 20 years is it really being out performed by the S & P 500 if you factor in dividends? I know simply looking at price it has but that's not factoring in the yields

quote:

---

I'm jealous of all you guys that bought 20 plus years ago. Can only imagine the bargain prices back then compared to the last 5 or 6 years

---

in the ealry 2000's, my cousin just got into the Exxon DRIP program. He tried talking me into it and I never did it. I was still in College and just got burned with the 2000 bubble. I was still new to investing and scared.
But, Fast forward to 2020, Exxon drops below $40, I spent my Roth IRA limit on EXXON at $38. Went up to the low $40s and then back into the $30's...I began to sell other positions to buy more Exxon. $35, more. $34....more... $33...more. Now, I will say it is pretty much around half of my portfolio at least. I love the over 8% dividend I am getting from them with my original stock purchase as well...and the little bump in dividend today will only make that better.

Granted, I missed out on a lot of others over the years. My brother in law years ago tried to get me into Netflix. I thought to myself, DVD's in the mail? Nah. Streaming. what's that? No one will do that..
by the time I saw the power of streaming, it was too late. Not trying to brag about XOM, just happy one of my gambles is turning out pretty good.

quote:

---

Dang bruh I feel like this is gonna be me if I don’t get married soon Just me and my Exxon stock and never got up the courage to leave Louisiana At least I won’t die holding stocks since the democrats will take those

---

Lol. No, I won’t get caught holding, was being cheeky. Take the plunge and move around. It’s been a great life. I’ve lived in Wyoming, Colorado, and California in the past but always found my way back to good old La. and a great family I love. But who knows what the future holds.