i don't have a taxable brokerage acct, only 457 and a roth IRA. While 80% of my money is in index funds, over the last couple of months i've thrown some money at some younger tech stocks in the roth IRA.
Taking in to account this a roth ira and that i'm currently 54 and will have no foreseeable need for these funds anytime soon, i'm conflicted about taking profits on certain stock investments.
For instance, i have a cost basis of 5.50 for a stock that is now at 13.75. It's IONQ fwiw. I threw $300 at it after doing some research. The value now is $722.
What is the tendency for people in such situations…do i cash out, throw the profits in FSKAX in and re-invest when the stock comes down a bit ($10?). Hold longer and endure some bear markets…for volatile young stock like this the profits would likely disappear come the next bear mkt (or would it?).
I've always been a long hold investor but now i'm looking to make moves in the short term. I guess i have yet to wrap my head around undertaking such a move with newer companies who's stocks are inherently volatile.
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