I started (personally) investing about 18 months ago with extra money i had after maxing my 401k contribution and paying off my debts. My goals are not profound, I want to invest in good companies that will grow over time, thus growing my portfolio. In a perfect world this would lead to a retirement somewhat early, maybe 40-50 range (31 now). One of the companies I chose to invest in was Goodyear Tires ($GT) … i felt they had been down in recent years and cars always need tires (amongst a lot of other research but my point here isnt to present a thesis.)
Mid-way through last year Goodyear purchased Cooper, this led to a lot of optimism around the stock in Q4 and the price jumped to over $20. My money had doubled, but being a long term investor i wasnt really thinking about taking money out since i dont need it right now and my time horizon was short so i would have to pay capital gains tax. As of today the price is back down to just over $10. Looking back, i feel like i should have been taking profits at a certain gain % – do others manage their portfolios by taking gains at certain percentages, even of they believe on the stock long term? My biggest regret is just that i could have reinvested that profit right back into GT now that the price is lower
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