Good take to take some profit out of equities?
Discussion
i was thinking along similar lines after reading this yesterday:
http://www.theguardian.com/business/2013/sep/18/fe...
US to run out of money in october etc, might cause quite a dip in the markets. You're never a fool if you sell for a profit!
http://www.theguardian.com/business/2013/sep/18/fe...
US to run out of money in october etc, might cause quite a dip in the markets. You're never a fool if you sell for a profit!
Thats open to debate.
It depends on what you are investing for, your timeline, frequency of trade etc, costs, spreads etc, etc.
Sure sell and bank £1 profit on £10k of purchases and miss out on a 200% return over the next few years in some cases.
I sold TW. for 35p and BARC for 98p a few years ago. I wouldnt call myself a winner for that.
Id put myself in the fool camp for sure.
Both returned me near on 100% profit, but are about 1/3 of the current values.
Arguably I should still be holding both of the above shares!
It depends on what you are investing for, your timeline, frequency of trade etc, costs, spreads etc, etc.
Sure sell and bank £1 profit on £10k of purchases and miss out on a 200% return over the next few years in some cases.
I sold TW. for 35p and BARC for 98p a few years ago. I wouldnt call myself a winner for that.
Id put myself in the fool camp for sure.
Both returned me near on 100% profit, but are about 1/3 of the current values.
Arguably I should still be holding both of the above shares!
ringram said:
Thats open to debate.
It depends on what you are investing for, your timeline, frequency of trade etc, costs, spreads etc, etc.
Sure sell and bank £1 profit on £10k of purchases and miss out on a 200% return over the next few years in some cases.
I sold TW. for 35p and BARC for 98p a few years ago. I wouldnt call myself a winner for that.
Id put myself in the fool camp for sure.
Both returned me near on 100% profit, but are about 1/3 of the current values.
Arguably I should still be holding both of the above shares!
Hindsight is a wonderful thing.It depends on what you are investing for, your timeline, frequency of trade etc, costs, spreads etc, etc.
Sure sell and bank £1 profit on £10k of purchases and miss out on a 200% return over the next few years in some cases.
I sold TW. for 35p and BARC for 98p a few years ago. I wouldnt call myself a winner for that.
Id put myself in the fool camp for sure.
Both returned me near on 100% profit, but are about 1/3 of the current values.
Arguably I should still be holding both of the above shares!
You obviously got out of them for a reason?
Flipfloptrader said:
Hindsight is a wonderful thing.
You obviously got out of them for a reason?
Yeah the idiocy of the "nobody is a fool for banking a profit" mindset. Plus some scariness..You obviously got out of them for a reason?
But if I really thought about it I should have left them invested. Investment should be for the long term.
But its an example of why that attitude is often not valid.
It depends on the reason you bought in the first place.
Long term financial security or a quick buck.
What long term investors do is is re allocate their funds.
So for me (in the US) that would be to take some profits from US "Financials" "Healthcare" and "Small company funds" and shift them to Emerging Markets and Europe.(Keeping my large caps as core holdings)
In the UK maybe you could take some FTSE gains and move them to Europe or possibly a US fund considering the Pound is up at 1.6+.
To get out of the market and sit in cash would be saying you have more faith in UK politicians than UK business people.!!!!
Long term financial security or a quick buck.
What long term investors do is is re allocate their funds.
So for me (in the US) that would be to take some profits from US "Financials" "Healthcare" and "Small company funds" and shift them to Emerging Markets and Europe.(Keeping my large caps as core holdings)
In the UK maybe you could take some FTSE gains and move them to Europe or possibly a US fund considering the Pound is up at 1.6+.
To get out of the market and sit in cash would be saying you have more faith in UK politicians than UK business people.!!!!
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