[gework]

(10-05-2018 04:09 PM)white22 Wrote:  

How do you decide when to sell?

As I don't have the time to look into stocks, my game is the same as yours, I want to buy and hold. I want to buy stocks of companies that are going to grow, in growing markets. I'm most interested in buying into such things as early as possible and holding while they bubble out of all reasonable proportion.

I don't have the time to look at financials, projections, industry news, commentary etc. relating to my holdings.

So my exit strategy is to hold long term, up until the market seriously overheats and then sell everything. As I don't have time to reach charts and news to try and tell if one is going to have a bad spell. You can easily sink loads of time into constantly checking your stocks and get nothing from it. I check mine about once a week.

Right now I am waiting as it looks like a lot of retail investment is going to come in and keep the bubble going up. I was 80% up, now dipped to about 65%. I'm looking for it to get back to 80% and then make an assessment of how much more I think it could go up. Maybe it will go up a lot more, but I calling it quits. The market is obviously overheating severely. I'm happy with the profits and will take them, then reinvest after the next crash.

Certain stocks in particular are bubbling irrationally, their values have been spiking many times more than growth in revenues, profit, book values. They're going to have to correct sometime soon. My biggest holding is Canopy Growth Corporation. The market cap was recently about $16 billion CAD and this year they're only looking at $100M in revenue. Amazon sotck has gone up 133% in 2 years, the revenues are only up about 33%.