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MBHokie90
Joined: 01/11/2014
Posts: 6,175
Likes: 14,781
MBHokie90
Subscriber

My advice...

Granted, not a professional investor just a guy who has a Roth IRA where I pick stocks to invest in each year. There's very little downside to cashing out after making a tidy profit. Yes, if you cash out in less than a year you are subject to federal income tax where as cashing out after a year you're only subject to capital gains taxes. Regardless, if you made $500 on a stock and want to re-invest it in something else because you're unsure of the long-term value of a stock then it's almost always better to sell it and reinvest when you look at the long-term gains. Just be aware that you'll have to pay that additional tax next year at tax time and it could drastically impact your tax return or cause you to owe at tax time. When it comes to non-large cap stocks, unless you get really lucky and invest in a Nvidia or similar company before it gets big, it's always a good idea to sell if you've made a good return. Those companies tend to be more volatile and what goes up can and often will come back down. While growth over the long-term is likely in the stock market in most cases, short-term swings can happen and one bad earnings report can cause the company to lose 40-50% of its value. You could also do what some down the thread have suggested and keep a handful of shares so you're not completely out on it but sell the rest and re-invest your profits. That's probably the best idea in this case.
Posted: 02/18/2025 at 09:14 AM ET
(In response to this post by Chris Coleman)

Thread Replies (62)

Full Thread →
All right veteran Wall Streeters, here's my scenario...
Chris ColemanAdmin • 02/17/25 02:07 PM ET
Did you sell before ER day?
HokieAl • 02/20/25 08:40 AM ET
Oh look, a big post-lunch rally.
Chris ColemanAdmin • 02/20/25 12:56 PM ET
haha congrats. I can tell from your posts that you are viewing this as
HokieAl • 02/20/25 01:03 PM ET
Ignoring taxes and transaction costs
HokieDelNorte • 02/20/25 01:24 PM ET
And timing the market. Doing that off an earnings call is nothing
IV_Hokie12 • 02/20/25 02:56 PM ET
Very true
HokieAl • 02/20/25 01:33 PM ET
Good points, thanks.**
Chris ColemanAdmin • 02/20/25 01:04 PM ET
Well you have the most important part of investing down. Not getting too
IV_Hokie12 • 02/20/25 12:58 PM ET
Nope, didn't sell.
Chris ColemanAdmin • 02/20/25 09:43 AM ET
My advice... ◄
MBHokie90 • 02/18/25 09:14 AM ET
Bulls make money. Bears make money. Pigs get slaughtered. **
BackInTheBurg • 02/17/25 08:13 PM ET
profits≠problems... most wish they had yo' math$.**
bourbonstreet • 02/17/25 06:22 PM ET
Taking profits vs letting a winner run is always a tough decision **
coshokie • 02/17/25 05:32 PM ET
Pork bellies **
Brown Water • 02/17/25 05:22 PM ET
Three year USAA Annuity at 5% currently **
OXVT • 02/17/25 05:16 PM ET
my "pro advice"
Vippie1 • 02/17/25 05:06 PM ET
Watch MI-5 S2.E4 ∙ Blood & Money
PhotoHokieNC • 02/17/25 04:13 PM ET
never a bad time to make a profit.**
BobG • 02/17/25 03:56 PM ET
So when I first started and had a big gainer,I'd take my initial investment
UTPr0sim • 02/17/25 03:54 PM ET
You should put a “Stop Loss” order under all of the stock. It takes the emo
dolph • 02/17/25 03:42 PM ET
So a little more on Nebius.
Chris ColemanAdmin • 02/17/25 03:07 PM ET
There is a Russian component to this story?
HokieAl • 02/17/25 03:21 PM ET
Yes, it is heavily tied in to AI, so it crashed with NVIDIA
Chris ColemanAdmin • 02/17/25 03:27 PM ET
Replace the term, "investment" with "gambling"
TechHokie13 • 02/17/25 02:49 PM ET
If the goal is just to make a quick profit and get out, then you are
Tafkam Hokie • 02/18/25 08:17 AM ET
That's the thing...I don't know.
Chris ColemanAdmin • 02/18/25 09:00 AM ET
Lol, the last time I gambled...
Chris ColemanAdmin • 02/17/25 02:53 PM ET
Gotta love the gamblers fallacy **
IV_Hokie12 • 02/17/25 04:23 PM ET
Bru. Tal. 😂
TechHokie13 • 02/17/25 03:16 PM ET
Of course, you all missed the most obvious answer here...
Chris ColemanAdmin • 02/17/25 02:45 PM ET
My dad used to say about stocks: “pigs get fat, hogs get slaughtered.”
vatechcowpatty • 02/17/25 02:57 PM ET
I'm going to try that line on my wife at some point and see how it goes.
TechHokie13 • 02/17/25 02:51 PM ET
Blue Horseshoe loves NVDA.**
Spud • 02/17/25 02:49 PM ET
…this is your wake up call
chumley • 02/17/25 04:26 PM ET
Love the phone.**
Will StewartAdmin • 02/17/25 07:44 PM ET
Had one assigned to me by company
tallahasseehokie • 02/18/25 05:31 PM ET
I used to think those OG Motorola phones were so cool! Of course, I was 13.**
NokieHokie • 02/17/25 10:01 PM ET
Ordinary Income vs. Capital Gains is a Consideration
Hank78 • 02/17/25 02:36 PM ET
My first thought, hold it for a year. and, of course, don't look at it...
`lag • 02/17/25 03:01 PM ET
Whenever I sell it, the cash will stay in a money market.
Chris ColemanAdmin • 02/17/25 02:44 PM ET
What does TSL have for retirement benefits for you? Roth 401(k) or IRA?
beancounter77 • 02/17/25 05:08 PM ET
It doesn't make any difference when it comes to taxes.
EDGEMAN • 02/17/25 03:02 PM ET
Ah, ok. Thanks.**
Chris ColemanAdmin • 02/17/25 03:10 PM ET
I pay taxes on my mutual funds every year, and I haven't pulled anything...
EDGEMAN • 02/17/25 03:20 PM ET
realistically the tax impact is probably minor
HokieAl • 02/17/25 03:09 PM ET
Agreed.
Hank78 • 02/17/25 03:57 PM ET
First, ignore any price targets or articles
HokieAl • 02/17/25 02:31 PM ET
Selling
Mark3216 • 02/17/25 02:20 PM ET
Disclaimer: my stock advice sucks. But...
MP4VT2004 • 02/17/25 02:17 PM ET
The question is why is NVIDIA investing in them & is this the sole reason
Vtskier1 • 02/17/25 02:16 PM ET
Take profits but keep the initial value in the stock. **
ModerateHokie • 02/17/25 02:15 PM ET
Yep. Up ~40% - Sell 40% of stake - let the rest ride - house money.**
RTFC • 02/17/25 04:33 PM ET
This!**
All4VT • 02/17/25 03:07 PM ET
Also, to add onto that...
Chris ColemanAdmin • 02/17/25 02:12 PM ET
Are you willing to buy 4k or more?
IV_Hokie12 • 02/17/25 03:37 PM ET
I don't know what any of that means, haha.
Chris ColemanAdmin • 02/17/25 03:39 PM ET
don't sell options. You are too new to the game
HokieAl • 02/17/25 03:57 PM ET
So I probably wouldn't do that then, although maybe learn about it
IV_Hokie12 • 02/17/25 03:52 PM ET
Get to the risk/ reward- upside $700, downside $3300 if goes to zero**
Jwunderdog • 02/17/25 04:12 PM ET
Yeah, I'm not that much of a high roller, haha.**
Chris ColemanAdmin • 02/17/25 03:54 PM ET
I learned that earnings reports tend to be risky for holding onto...
MP4VT2004 • 02/17/25 02:19 PM ET
If it's money you can afford to lose then maybe let it ride....
Hokies1215 • 02/17/25 02:18 PM ET