Feel dumb asking this but maybe somebody here can give me a straight answer. I’m sure others have this on their mind too. The stock market today is pretty hot and you’d like to take profits. But do you?
If you’re looking to go long term and hold for quite some time, why would you take profits? And even if you do, if everything else is running hot, what do you invest in if you’re just going to wait on a dip? I can’t imagine any pending dip, so long as we don’t go into any major recession or a second pandemic, will be at the numbers worthwhile.
Just trying to figure out if I just HODL my profits and continue to either DCA or take some to reinvest in other stocks while keep a portion still invested.
Thanks for your help!
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