I bought into several stocks during the late spring recovery. My investment strategy has been to wait until the investment doubles then pull out the original investment to buy something new. I have done this with 3 stocks.
Now I am unsure what to do with the remainder. Has anyone else used this theory? How do you decide to sell the remainder?
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3 comments
Feel free to reply to any comment by clicking the "Reply" button.Sometimes, when I have a 100% gain I sell off half, which seems to make sense. Then I try to put the gains into more conservative growth stocks. But, often times my best results are withs stocks I've bought and just left alone.
BDair
Level 8
Mar 18, 2021
1
This is what I am thinking with two as they are looking strong.
I donate my stocks to charity. Gives me a tax deduction, the charity receives my donation, & I pay no taxes on the capitol gains. I don't play the market. I buy low & sell high. Then I buy low & sell high again, for many many years. Lots of tax advantages to those who learn the game. One should always have 3-6 months of monthly average costs in cash. Not in the bank but some where secure.
Mooolah
Level 8
Feb 6, 2021
1
I hadnt thought to donate the stocks. I will look into that! thanks!
@Donna_I Want to trade for some Peanut Butter?
@PondartIncbendog possibly... how much are they? do you accept dogecoin? 
@Donna_I Sorry. I only accept Biscuitpal.
I bought eighteen bottles of peanut butter and they haven't gone up in price. I'm finished.
PondartIncbendog
Level 8
Feb 5, 2021
4
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Posted by Cast1esReal estate can be a good way to invest , even if it's only the home you live in , but sometimes , there are unexpected costs .
Posted by PinkyandtheBrainGood correction. I actually consulted with a lot of people.