BostonHound

Enterprise BDR

When to sell stock?

Hey yall

Have the 401k investments cruising along, but also have a more individualized investment approach (using Robinhood with stocks like SF, Amazon, etc.)

Only have a few thousand in, and been hesitant to put in more. I understand its a way to grow your money (and lose) but how do you know when to sell it and pull out? If im in it for long haul and supposed to hold forever I might as well just pour more into 401k.

Also have no clue but scared of tax implications of selling large amount of stock.

Any thoughts? Keep investing in tech/pharma companies or no, if so when do i pull out only for big purchases like a house?

💵 Finance

😊 investment

💴 Money Management

27 comments

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Coastal_crusher

Politicker

Sales Director

Hodl. Future BostonHound will thank you

Time in the market beats timing the market

butwhy

Politicker

Solutions Engineer

Cannot agree more with this.

CuriousFox

WR Officer

🦊

Hold. Maybe look into stocks that pay dividends?

butwhy

Politicker

Solutions Engineer

TXN is a solid one of those.

jefe

Arsonist

🍁

I like a good DRIP.

braintank

Politicker

Enterprise Account Executive

Buy low cost index funds (e.g. VTI). Dollar cost average and don't pay attention. I've been investing $200 a week into VTI for the past several years and am happy with returns.

BostonHound

Opinionated

Enterprise BDR

Do you just let it accrue or do you cash out at times for specific reasons? I know my 401k is mostly if not all vanguards

braintank

Politicker

Enterprise Account Executive

For now i just let it grow. Power of compound interest baby! If I ever needed the money I could sell, but I'm a buy and hold type.

I occasionally buy individual stocks, but usually end up losing money on them. Typically sell those in December so I can get some capital losses on the tax return.

BostonHound

Opinionated

Enterprise BDR

appreciate it tank🫡

DungeonsNDemos

Big Shot

Rolling 20's all day

If you're looking at longterm goals: Time IN the market over Timing the market.

So longterm everything is on sale right now

antiASKHOLE

Tycoon

Bravado's Resident Asshole

I have no clue when it comes to stocks and investing ha. I'll learn with you

NotCreativeEnough

Big Shot

Professional Day Ruiner

as the old saying goes "time in the market beats timing the market"

the market is also very down right now. This is the best time to up your investment percentages and buy more than before. the long term gains (as long as you're investing in "to big to fail" companies) will be exponentially better.

And more importantly, a recession is the worst possible time to sell. Avoid it as much as you can unless you have no other options.

BostonHound

Opinionated

Enterprise BDR

Agreed tempting to go pump a lot of money into depressed stocks right now, trying to balance that urge with the want to buy property in a few years

NotCreativeEnough

Big Shot

Professional Day Ruiner

I'm literally dumping every extra penny I can into it. Short of dipping into my emergency fund I've put damn near every dime in it. Skipping planning vacations, buying stuff, limiting leisure activities, etc. Too much potential to make crazy money off this market in a few years.

BostonHound

Opinionated

Enterprise BDR

just Vanguards or individual depressed tech stocks?

NotCreativeEnough

Big Shot

Professional Day Ruiner

a lot of index/mutual funds. But really any Fortune 500 company. They're all never going under so they're a safe bet. I've been going heavy into apple. They've always done well for me.

UrAssIsSaaS

Arsonist

SaaS Eater

Dont try and time it, just put it in there and check in 30 years.

CuriousFox

WR Officer

🦊

Maybe 35 😆

TheIncarceration

Politicker

SDR Manager

Going out on a limb and assuming you're pretty young. Definitely hold onto your blue chip stocks. If you haven't already, look into opening a Roth 401k too

BostonHound

Opinionated

Enterprise BDR

Roth is up and running, should i set aside a few hundred a month to put more into blue chip stocks?

TheIncarceration

Politicker

SDR Manager

My Roth consists of 90% safe index funds, 5% blue chips, 5% high growth stocks.

I'm not a financial advisor though so take everything I say with a grain of salt

Kosta_Konfucius

Politicker

Sales Rep

As far as tax implication if you sell now, you will need to pay capital gains in a couple months, so I am planning on selling in January, to help pay for a wedding, so I have over a year before I have to pay capital gains.

At least this is what my one finance friend told me to do.

jefe

Arsonist

🍁

Buy low, sell high.

But seriously - hold on for awhile.

KendallRoy

Politicker

Company RSUs? Sell immediately.

For other investments, your post suggests you need to read some books on investing. The most important lesson is this: almost everyone that tries to pick single stocks and time the market loses compared to a simple index that tracks the movement of the market. Plan and invest accordingly.

mrosales

Politicker

I think this is sound advice. What books do you recommend?

Rallier

Politicker

SDR Manager and Consultant

hold hold hold as long as you can

ThatNewAE

Big Shot

Account Executive - Mid enterprise

I am usually very proud of my brain and how it works. But when it comes to finances, stocks and specially investments - it's dyslexic.

Looking at the comments, I feel more so.

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BostonHound

When to sell stock?

27 comments

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