Anavex Life Sciences Corp (AVXL)

[DrQuool]

In reply to your comment Leo,

{i} Not quite sure (I don't follow your other stock) what you perceive
you gained if you converted Traditional to Roth AFTER a significant gain. {/i}

I would have converted much sooner if I had the idea sooner. But even though the stock tripled for me in under a year, and was more than a 10-bagger for longer term investors, I still remain confident the stock has much more potential in the coming years and could become a 10-bagger for me. If I change my mind, I still have time to re-characterize, or sell it and invest in or trade another stock. However, so far, everything is looking positive for me and for NVDA.

I appreciate your comment, and I can understand why it may have appeared to be a stupid move on my part, without the full story. Hopefully it proves to be a wise decision, albeit a little late.

Just like AVXL, I just converted some of my shares into a ROTH today, even though I'm up significantly, even with the price drop today. I still have reasons to believe this will be more than a 10-bagger over a certain (unknown) period of time, even though I'm up well over 50% on my average costs