Pretty simple question: why keep stocks forever when you can sell, make profit and then buy again at a future time?
Thoughts on good ol' Reddit stocks? $RDDT
Would you buy Reddit stock?
Should I sell stocks now or wait?
Videos
I have been going back and forth with my financial analyst, as he is sure that keeping my portfolio with those 3-4 stocks in it is a great way to make money.
My position is simple: I buy at 5, I sell at 10 making a profit; then in a month I buy again these stocks that are performing well and always rising; so if I buy at 15 now, I may sell when they are at 20 and so on.
The whole point of buy and sell stocks is to make profit; not to keep stocks forever until stuff starts go downhill for example. Some people agree with my point that being selling and buying is a cost effective strategy to build some retirement funds for rainy days; while others say that you should never touch a stock if it is going up and performing well.
I spent 3 days watching videos, interviews and reading books and I have yet to get that answer... So I am curious to hear what investors here do