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Anything wrong with selling a stock for a $200 gain? #5262039 11/08/19 06:56 PM
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motor_oil_madman Offline OP
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I mean $200 is $200 imo. Say you have $12,000 in a stock and it goes up $200-$250 shortly after you buy it. Anything wrong with selling it? I don't other than just making sure the accountant doesn't charge too much to process the taxes on it. Usually I'll hang onto a stock longer than a 2 or 3 days and see what it does and i'll wait until it has a $500 or $600 dollar gain before selling it.


2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262041 11/08/19 06:59 PM
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Imp4 Online Content
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Gibberish....

What are your goals?
Asset allocation?
Tolerance for risk?
Time horizon?
Tax bracket?
Etc...
Etc...
Etc...

Do you post at Bogleheads and ask what they think about you oil change interval and moly content???


2001 Mitsubishi Galant 2.4 - 165k+
Grandma's creampuff...
Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262046 11/08/19 07:06 PM
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Mr Nice Offline
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Yes, sell it and enjoy the gain.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262053 11/08/19 07:25 PM
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KrisZ Online Content
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Sell it, spend $1000 and reinvest. banana


2015 Grand Caravan 3.6L - 31k miles.
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Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262068 11/08/19 07:35 PM
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JohnnyJohnson Offline
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Sometimes a bird in the hand is better than 12 in the bush that fly away. Capital gains are nice though.


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Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262072 11/08/19 07:40 PM
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ecotourist Offline
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You sound like a trader, and not an investor.

The real money is made with long term holds. For an investor, the ideal time to hold onto a stock that you bought (for the right reasons) is forever.

Of course a good stock goes up, how can it double or triple if it doesn't. If you sell a quality stock every time it goes up, you'll miss all the future gains.


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Re: Anything wrong with selling a stock for a $200 gain? [Re: ecotourist] #5262085 11/08/19 07:50 PM
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motor_oil_madman Offline OP
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Originally Posted by ecotourist
You sound like a trader, and not an investor.

The real money is made with long term holds. For an investor, the ideal time to hold onto a stock that you bought (for the right reasons) is forever.

Of course a good stock goes up, how can it double or triple if it doesn't. If you sell a quality stock every time it goes up, you'll miss all the future gains.




I disagree. I've seen stocks go up 80 dollars over a 20 year period, then year 21 ends and the stock is back to $15 where it started.


2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262088 11/08/19 07:51 PM
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motor_oil_madman Offline OP
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My theory is don't be greedy. Sell when the feeling is right.


2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262124 11/08/19 08:29 PM
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Alfred_B Offline
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The tax treatment is different based on length of time owned... it can be taxed as regular income if held for a short time, or at a much lower rate as a capital gain if held longer.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262127 11/08/19 08:33 PM
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ediamiam Offline
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Day trader mentality?

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262131 11/08/19 08:40 PM
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zzyzzx Offline
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It's better than losing money.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262152 11/08/19 09:12 PM
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mk378 Offline
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Securing a 2% gain in 2 days is an excellent annual rate of return.

Re: Anything wrong with selling a stock for a $200 gain? [Re: mk378] #5262154 11/08/19 09:13 PM
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motor_oil_madman Offline OP
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Originally Posted by mk378
Securing a 2% gain in 2 days is an excellent annual rate of return.


Yep. A lot of times I've said, lets give it a couple more days and see what happens and find it drops down by half.


2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262183 11/08/19 10:05 PM
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danez_yoda Offline
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Simple rule:

You never go broke booking profit.

Re: Anything wrong with selling a stock for a $200 gain? [Re: motor_oil_madman] #5262210 11/08/19 10:38 PM
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Astro14 Offline
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Originally Posted by motor_oil_madman
I mean $200 is $200 imo. Say you have $12,000 in a stock and it goes up $200-$250 shortly after you buy it. Anything wrong with selling it? I don't other than just making sure the accountant doesn't charge too much to process the taxes on it. Usually I'll hang onto a stock longer than a 2 or 3 days and see what it does and i'll wait until it has a $500 or $600 dollar gain before selling it.


Your question is meaningless without context.

I mean, $200 is $200.

But it might be a 0.01% gain in a true portfolio, in which case, it’s noise...

Nothing at all to celebrate, worry over, or sell.


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