Primarily, I am a passive investor. Bought XOM in mid-30s, along with some other stocks.
Now that XOM has gone up significantly, does it make sense to hold on to XOM past surging oil prices? I was planning to set up trailing stop loss, and get out of it.
My thought process is, XOM doesn't have as much growth as tech companies. I am not interested in fat dividends just yet. Most of the time, it has lagged behind VTI. So is there any point to hold on to it?
I am curious why folks say, long XOM. Makes sense if you are retired, the primary interest is the dividend, but others?
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