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But most people would probably sell when they double or triple their money. You'd have to be insanely prophetic to hold on to the stock this whole time without
by jliptzin 12y ago
But most people would probably sell when they double or triple their money. You'd have to be insanely prophetic to hold on to the stock this whole time without taking profit.
- MBCook 12y agoYeah, but it makes a good story. I know I got scared after making quite a bit of money on a small (few hundred dollar) buy in TSLA when it started dropping and got out. I thought I got lucky to make a few times return (I did) and didn't want to push my luck so I sold my few shares. Today TSLA is worth at least 3x what I sold for, but I never would have held though all those ups and downs let alone for two decades. I didn't buy the stock as a real investment, just a little fun in a company I liked.
- icelancer 12y agoAlso very dumb to not rebalance. No way would your portfolio justify holding that kind of balance unless your net worth moved at the same rate!
- jkestner 12y agoProphetic, or patient. I've seen about 60x return - once AAPL popped into a higher stable orbit, I didn't feel it was risky to hold onto it (a drop would still be an overall profit). I was not desperate for the money, so I stopped thinking about it.