RE:RE:RE:RE:RE:The Covid 19 effect on REITSBlueJay2020 wrote: The topic of 'selling targets' is an interesting one in these interesting times. Perhaps in normal circumstances a 30% profit, and especially a quick one, would be worth cashing in. However, my perspective on this is I need to be greedier than that in the current environment. I am trying to let my winners run, because they were depressed so much when I bought them that a 30% uptick may well be just the beginning. I don't want to be trading in and out of these stocks every 5 minutes because of a dollar here or there. Perhaps it is the difference between the mindset of 'renting' a stock versus even a medium-term buy.
The other thing I bear in mind is whether there are better opportunities out there at any point in time. If not, then I might as well just keep the money invested where it is.
Where I do try to be disciplined is keeping my eye on cash as a percentage of the portfolio. I want to keep it at about 15 percent, and certainly no lower than 10 per cent, so that I have some powder dry if I need it.
This is our perspective on this aswell. We have a $10.74 average cost and firmly believe that this is a double ten months out, while earning a juicy dividend in the meantime. The TSX has formed a check mark shaped recovery and we have already bottomed, this will grind higher from here. The charts on our watch list all show the same check mark pattern.