I opened $SoFi Technologies Inc.(SOFI)$  ,I sold my shares of Royal Caribbean Cruises (RCL) today. Given the current market conditions and the volatility in travel and leisure stocks, I believe it was a good time to exit my position. The cruise industry has faced significant challenges over the past few years, from the pandemic to rising fuel costs and inflation. While Royal Caribbean has shown resilience and recovery potential, I felt that the stock had reached a level where taking profits made sense for me. I had been accumulating fractional shares of RCL when prices dipped, and with the stock hovering around $160 and an upcoming dividend of $0.40, I saw this as an opportune moment to lock in some gains. Although the long-term outlook for the cruise industry remains positive as demand for leisure travel returns, I’m aware that the sector is still vulnerable to economic uncertainties and any future disruptions could impact stock performance. By selling my shares, I’m freeing up capital to potentially invest in other opportunities that align more closely with my current portfolio strategy. While I may revisit RCL in the future, for now, I’m content with the decision to sell and focus on other areas of the market.
SOFI
09-13 22:46
USSoFi Technologies Inc.
SidePriceRealized P&L
Buy
Open
7.70+42.73%
Holding
SoFi Technologies Inc.
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  • Great call on selling RCL
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  • Aqa
    ·09-16
    Liked and shared
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