Quote:
Originally Posted by CamaroMike
I shaved a little earnings this morning, nobody even went broke taking a profit right? 
Hopefully this momentum continues throughout the week. Maybe kmp will jump back up if they stay out of Barrons... Until then bring on those dividends! |
Shave a little when the gains make the holding more than your 5% allowable investment. Or when you've bought a speculative name just for that purpose.
The problem with always selling your winners -- you're left with losers and you're paying taxes on the gains...
I'm not saying you shouldn't sell... just make sure you understand why you're selling... the tax implications... and do you have your eye on a name to put the gain back to work.
It's always hard to see a "TOTAL RETURN" number of 100% or 400%.... when looking at the numbers BEFORE investing.... and then selling when you have a 20% gain. You won't double or triple your money if you're always taking the gain. If you're not well diversified -- then yes -- take the gains and keep branching out.