Someone posted a question lately.
Should we hold on to our losing stocks and sell away our winning stocks?
I am having the same mentality as most investors. I will not sell away my losing stocks easily but will sell away my winning stocks once I have made around 5% to 10%.
I started to question myself and this is my personal opinion only:
1. Look at Nvidia. When the price reached $500 per share last year, my colleague asked if he should sell. I told him he could take the profits already. Low and behold, it broke $1000 and reached to $1200 before stock split.
We really have to look at the fundamentals of stocks before making decisions to sell or not. Nvidia is a market leader in GPU currently. Most companies which wanted to provide AI services have to buy from Nvidia. Once the monopoly of Nvidia is slowly eroded by other companies, it is good to sell off.
2. If a company keeps making losses and the share prices keep dropping, do you think it is good to carry on holding this kind of stock?
Look at Keppel Pacific Oak US REITs.
My colleague asked me about my view od this company. Prices started to drop before COVID. After COVID, it dropped further. My colleague told me that the dividend yield is good as price dropped. Dividend yields typically increased before dividends are cut.
Prices dropped and dividends also dropped.Dividend yield is back to square one. Presently, this REITs informed investors that dividends will not be paid. Dividend yield becomes 0%.
Personally, I believed in selling away losing stocks and use the money to buy into companies that have more potential.
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