Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
When would you sell a portion of your shares vs when to sell all of your shares?
I’m quite curious when you would sell a portion vs the entire thing. For example I bought into Nio when it was over $50 with an incredible profit, however I was told to hold the long term and to only sell when you see a difference in the company along with other factors. Although I do want to take the advantage of the dips and profit when the stock crumbles 10% or so, so in regards to the question at what point would you sell part vs the entire thing?
1 Answer
- D.E.B.S.Lv 74 months agoFavorite Answer
Many reasons, but the biggest one is to diversify. If you started with $1000 investment and that's now worth $10,000, then you have a lot more riding on one stock*. If you're still big on the company, then sell part of it and invest the profits in a different stock or fund.
* Made up numbers. $10k is a lot for some people but not a lot for other investors. That comfort level is obviously an individual thing.
