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OfflineArcadeDuck
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Registered: 06/13/19
Posts: 145
Loc: Random Duck Pond
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When to take profits from stock
    #26727919 - 06/08/20 01:03 AM (3 years, 8 months ago)

if there are any experienced investors out there, when would you sell your shares?

I have a relatively diverse portofio with a half decent amount invested,

the entire portfolio is currently up with a profit of about 52 percent, some of my investments are up over 120%+

I'm wondering whether or not to take that profit now or not,
I'm in New Zealand and as of today we have no COVID cases and are basically back to normal. I expect my portfolio to gain from this, however I'm concerned that we may have another market crash in the near future.

but I also know trying to time the market is basically a waste of time.


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OfflineBrian Jones
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Registered: 12/18/12
Posts: 12,362
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Re: When to take profits from stock [Re: ArcadeDuck]
    #26728473 - 06/08/20 09:09 AM (3 years, 8 months ago)

It depends what your objectives and strategy is. You might want to hold them until well into retirement. Or you might want to take your profits (or losses) every single day.


--------------------
"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

The worst thing about corruption is that it works so well,


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OfflineDarwin23
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Registered: 10/08/10
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Re: When to take profits from stock [Re: ArcadeDuck]
    #26735707 - 06/10/20 11:02 PM (3 years, 8 months ago)

Quote:

ArcadeDuck said:
if there are any experienced investors out there, when would you sell your shares?

I have a relatively diverse portofio with a half decent amount invested,

the entire portfolio is currently up with a profit of about 52 percent, some of my investments are up over 120%+

I'm wondering whether or not to take that profit now or not,
I'm in New Zealand and as of today we have no COVID cases and are basically back to normal. I expect my portfolio to gain from this, however I'm concerned that we may have another market crash in the near future.

but I also know trying to time the market is basically a waste of time.




I would honestly hold on to them for now. Out here in Delaware (basically stuck in the middle of it), things are pretty much back to normal. I only expect a crash when the government starts talking about going back into quarantine.


--------------------

Take a look at my journal


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OfflineAz88
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Registered: 05/04/20
Posts: 88
Loc: Texas Flag
Last seen: 3 years, 1 month
Re: When to take profits from stock [Re: Darwin23]
    #26740488 - 06/12/20 08:11 PM (3 years, 8 months ago)

As stated it really depends on your goals. If its a discretionary account with play money. Have fun. Pull profits and find something else you think might pop.

If its your retirement then that’s a whole other story.


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Invisibletrscstghst
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Registered: 10/14/07
Posts: 786
Loc: here
Re: When to take profits from stock [Re: Az88]
    #26755878 - 06/18/20 10:39 PM (3 years, 7 months ago)

the question is to broad for a specific answer.  i would take my profits now, and look for a new entry point or other plays


--------------------
Why use up the forests which were centuries in the making and the mines which required ages to lay down, if we can get the equivalent of forest and mineral products in the annual growth of the hemp fields?
o Henry Ford


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OfflineIce9
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Registered: 03/20/14
Posts: 11,319
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Re: When to take profits from stock [Re: trscstghst]
    #26799945 - 07/02/20 05:48 PM (3 years, 7 months ago)

Remember, pigs get slaughtered


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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OfflineDracultivation
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Registered: 05/19/20
Posts: 64
Loc: Mountains. High Altitude.
Last seen: 3 years, 9 days
Re: When to take profits from stock [Re: Ice9]
    #26836808 - 07/21/20 06:42 PM (3 years, 6 months ago)

Like pretty much everyone has said, it depends.

Are you investing in stocks that give you dividends? If so, and those are the profits you're receiving, I generally immediately re-invest any gain that I make. Same with if I switch up my portfolio. I'm attempting to just let my nest egg grow as much as I can.

But it's also a sum of money that if I lost everything, I'd still be fine and stable.

If you reached your goals for a quick buck? Sure pull them.

If you're attempting to get as much as you can for retirement? Probably not.

Though this is just the opinion of a regular dude, I'm not a broker or anything. I just like playing with my money.


--------------------
I live in the middle of nowhere, where nothing grows.


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