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Re: ALL-IN888 post# 125

Saturday, 06/19/2021 4:36:54 AM

Saturday, June 19, 2021 4:36:54 AM

Post# of 325
Food for thought and please watch the video that I posted ?

The saying "nobody ever got hurt taking a profit" is one of the biggest cliches and falsehoods in investing. Tell that to anyone who sold their AMZN shares more than ten years ago.
When stocks go up (not all of them do), they don't go up in a straight line. Both the success of a business and its stock price movements are not linear. An investment going nowhere for years and tripling in a matter of weeks is not uncommon. Ask shareholders of Tesla or Teladoc (TDOC).
Every day, I see someone on Twitter explaining how "relieved" they are to have sold a stock because they couldn't "bear" watching it go down. This reasoning is incredibly flawed.
Watching a stock you own go down is inevitable. If you try to avoid it at all costs, you are in for a wild portfolio rotation and the tax consequences.
For those who can weather the storm unscathed - holding a diversified portfolio of great companies tenaciously - there is a pot of gold at the end of the rainbow.
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