01-24-2014, 09:53 PM
As a follow up to this excellent thread:
Selling to lock in gains
What do you use to determine when to sell a stock losing YOU money?
I can rationalize some oil/energy stocks being down in value right now.
I can grasp my REITs being down as the investment world comes to grips with QE.
But I do have shares in some companies that are down quite a bit for no other reason than "Wall Street ain't happy with them."
Do I sell and lock in the loss forever or wait it out? In several cases I admit I own the stock because it BELONGS in a DGI portfolio but unlike Mr. Magellan Fund I only know about the company by what I can read on the net...(...buy what you know...)
Right now the only triggers I have are a cut in the dividend, a rapidly rising dividend, and an inability to afford the dividend payment.
What do you use...?
Selling to lock in gains
What do you use to determine when to sell a stock losing YOU money?
I can rationalize some oil/energy stocks being down in value right now.
I can grasp my REITs being down as the investment world comes to grips with QE.
But I do have shares in some companies that are down quite a bit for no other reason than "Wall Street ain't happy with them."
Do I sell and lock in the loss forever or wait it out? In several cases I admit I own the stock because it BELONGS in a DGI portfolio but unlike Mr. Magellan Fund I only know about the company by what I can read on the net...(...buy what you know...)
Right now the only triggers I have are a cut in the dividend, a rapidly rising dividend, and an inability to afford the dividend payment.
What do you use...?
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner