barahona44 |
03-09-2020 09:19 PM |
I sell 20-25K worth of my holdings every January.We spent the money on some home improvement things but that's all done now.The reason I sell in January is that these holdings are PROFITABLE and tax must be paid.Better to delay that 16 months.I have four holdings (Union Pacific, Verizon, Textron and Eversource) that I've owned for over 30 years, two mutual funds since 1977,etc. Reinvest the dividends and capital gains.And haven't gotten the vapors about the last two weeks. Twinges yes.I figured my total portfolio has lost at least 60,000 the last 2 weeks,probably more.Maybe this is what's needed to get the amatuers out.Dumb money.But I have enough cash on hand until at least 2022/23 without selling uno share.Own two properties outright.The one in the Dominican Republic goes up for sale in a year or two, will get us 150 to 160 thousand minimum.Don't owe a nickel (or peso) to anyone in the world.
Trading's for suckers.Go to Vegas.At least you can catch a show.Buy and hold is better but not ideal.
Having a PLAN and sticking to it. That helps you sleep at night.
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