Obviously a vague and open ended question, with lots of "it depends." But...Let's say I have ten stocks. One is performing outstandingly. Four are performing very well. Five are down 10-40%. I've held them for about a year. I am not confident that the five underperforming are going to come back any time soon. I think they've found their levels for the foreseeable future. Obviously I have no crystal ball, but I'm kind of tired of looking at them hovering at 30-40% down for the last six months. My question is, Should I sell the five, take the losses, and pile the proceeds into the others that are performing well? Or find some new holdings? Or should I wait them out to prevent locking in those losses? If that even works. Thanks for any tips.
If you are holding some stocks that have not performed well during one of the best market rebounds in recent history, odds are they will do terribly when the markets do take a turn south. Prune your portfolio of the poor performers, keep it cash for now because these markets are feeling a bit toppy. If we get a pull back, either add more to your winners or find something that sold off and is still very promising.
Should we sell now? Robert Kiyosaki(finance expert) is predicting the biggest crash in history. He says there's 3 option to protect yourself for now, invest in either gold, silver, and bitcoin. I currently hold $BTCS that is focused on digital assets and blockchain technologies and was recently listed on Nasdaq, will they be affected? or should I just sell other stocks that are not in digital assets?
Robert Kiyosaki predicts crash for many years now. If I listened to him I would not make a dime. I even signed up for his website, learned some in general but I do not want to listen to his advice about stocks or commodities. I feel like he is pitching to way wealthier people than general public even though he sounds like he is about everyone. But I like his materials about general approach to business and taxes. It helped me understand things. His service about stocks... I do not think so.
I just sold Rogers (which has been down for me this whole pandemic) and put it into Royal Bank. I liked Rogers, it wasn't a terrible buy (I did make money with them via dividends) but compared to what my money could do in another stock, I sold. “Selling your winners and holding your losers is like cutting the flowers and watering the weeds.” – Peter Lynch
Thank you for sharing this wisdom. Your words were echoing in my conscious thoughts when a long term limit sell order for REIT I've held for 7 years filled. I placed the sell order in early September. The company is up 20% *total* over 7 years and it yields 5% per year, so it has done OK, but they own a lot of office space. Because of the office space, I'm not delighted with their long term prospects and we have better alternatives.
5% is not that bad! But I also curious about the future of office space with work-from-home becoming an accepted alternative.
