royal bank

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this stock has gone up is it time to sell or is there more room for growth I am up 25% not sure if I should sell?

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Asked on March 9, 2021 12:05 pm
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Hi John,

We can't really answer that question for you as it will all be dependent on your investing goals. I always circle back to why I bought something in the first place.

Specific to Royal Bank (and most Canadian Banks), they are really considered foundational. The type you can buy, set and forget. The type you can hold forever and not one you typically trade. But, once again that depends on your investment thesis.

I would add that banks are expected to do well as the threat of rising rates would actually be a good thing for them. Something worth considering.

Mat

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Posted by Mathieu Litalien
Answered on March 9, 2021 6:23 pm