RE:RE:RE:RE:Getting into buy territory!moneydigger wrote: Boulter wrote:
I have never in 35 years of investing sold a stock to "take profits". It just isn't the way I see how things work. If the SP is over my ACB, I have a gain under, a loss - no sale is needed either way. I know almost nobody agrees with this line of thinking, but I put it out there for consideration.
Uhm, some make a living buying and selling. Been doing it for 28 years and been doing well. Not enough to live on but enough to buy my toys and save for retirement ;)
I make a living too, I just don't need to ever do much selling that is trading. My lifetime total transactions for all my and my wife's accounts (about 8 active accounts) I think would still be under 400 or about 12 annually. The total unique securities owned in 35 years is 50 to 70. The average hold time is about a decade with a number of names in the two decade range. Think about this: most people will say that that the MX shares I bought 20 years ago at $8 and $4, I have not made a "profit" on because I have not sold them. Today's number $97. How most investors believe this fallacy is beyond me.