Selling BB.to

This absolutely helps! Thank you, Mat.

I sold half my position this morning, which puts my portfolio at :

Financials:
BNS 17%
EQB 11%
CM 3%

Tech:
BB.to 6%
OTEX 3%

Oil and Gas :
TRP 13%
SU 5%

PL 13%
CTC.A 7%
FTS 6%
BYD 4%
SIS 4%
AC 3%

Cash 5%

I realize my portfolio is poorly balanced. My last purchases were TRP and FTS because of Stocktrades. I thought my next position would maybe be in the gold sector? I'd love to hear what you think about my portfolio and how to improve it.

This absolutely helps! Thank you, Mat.

I sold half my position this morning, which puts my portfolio at :

Financials:
BNS 17%
EQB 11%
CM 3%

Tech:
BB.to 6%
OTEX 3%

Oil and Gas :
TRP 13%
SU 5%

PL 13%
CTC.A 7%
FTS 6%
BYD 4%
SIS 4%
AC 3%

Cash 5%

I realize my portfolio is poorly balanced. My last purchases were TRP and FTS because of Stocktrades. I thought my next position would maybe be in the gold sector? I'd love to hear what you think about my portfolio and how to improve it.

HI Conner,

No worries - it is such a popular stock right now, fully expect to hear from memebers on it. As for my Bills...well, still very happy with the season - bit step forward! Looking forward to next year.

Ok on the BB - there are few ways to look at this. First, if it were me I definitely would be taking profits off the table here. You can either sell enough to recoup your initial position, sell half, or a third of your position. Many different ways you can approach it. How much you sell may also depend on how much of your portfolio it accounts for...so many factors here. The important thing is to have a plan when investing. Retail investors can get burnt by emotion - it is the main reason why they underperform. Either fear because the stock is dropping, or greed because the stock is rising and there is a FOMO.

So have a plan and STICK to it. For example, when I buy a growth stock - not applicated to by dividend stocks - I will always look to sell a part of my position when i reach 100% gains. I usually sell enough to recoup my initial capital or about 1/3rd if I am really bullish. Because I am a long term investor, I tend to let the rest ride because I believe in the long-term prospects of the company. I do this every time - takes the emotion out of it for me. Sure I may lose out on some upside, but I turn paper gains into real gains - never a bad thing.

I then redeploy that capital to other opportunities that I see in the markets. Of note, I may not sell until I actually have another stock in mind - I'm not a fan of sticking with cash.

BB and some of these other WSB stocks are soaring, but they can crash just as quickly. We are in new territory here so its anyone's guess as to what will happen.

Does this help?

Mat

HI Conner,

No worries - it is such a popular stock right now, fully expect to hear from memebers on it. As for my Bills...well, still very happy with the season - bit step forward! Looking forward to next year.

Ok on the BB - there are few ways to look at this. First, if it were me I definitely would be taking profits off the table here. You can either sell enough to recoup your initial position, sell half, or a third of your position. Many different ways you can approach it. How much you sell may also depend on how much of your portfolio it accounts for...so many factors here. The important thing is to have a plan when investing. Retail investors can get burnt by emotion - it is the main reason why they underperform. Either fear because the stock is dropping, or greed because the stock is rising and there is a FOMO.

So have a plan and STICK to it. For example, when I buy a growth stock - not applicated to by dividend stocks - I will always look to sell a part of my position when i reach 100% gains. I usually sell enough to recoup my initial capital or about 1/3rd if I am really bullish. Because I am a long term investor, I tend to let the rest ride because I believe in the long-term prospects of the company. I do this every time - takes the emotion out of it for me. Sure I may lose out on some upside, but I turn paper gains into real gains - never a bad thing.

I then redeploy that capital to other opportunities that I see in the markets. Of note, I may not sell until I actually have another stock in mind - I'm not a fan of sticking with cash.

BB and some of these other WSB stocks are soaring, but they can crash just as quickly. We are in new territory here so its anyone's guess as to what will happen.

Does this help?

Mat