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Old 08-01-2017, 02:40 PM
 
26,146 posts, read 21,368,471 times
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Even in gambling it's a lie to excuse risky behavior or losses
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Old 08-01-2017, 02:52 PM
 
Location: NJ
31,771 posts, read 40,468,370 times
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Quote:
Originally Posted by Lowexpectations View Post
Even in gambling it's a lie to excuse risky behavior or losses
technically i agree but i figure the risky behavior is part of the fun.
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Old 08-01-2017, 03:03 PM
 
Location: SoCal
20,160 posts, read 12,657,481 times
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You worry about 179 shares? One of my relatives at one point had 100% in Boeing stocks for his 401k. I'm glad he held down when it rode all the way down to $13 or something close. I think he told me he has sold off slowly but still has boat loads of it. I wouldn't worry about 179 shares.
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Old 08-01-2017, 05:02 PM
 
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Earned capital vs capital gains = in one's mind "house" money- Whatever friend- take your initial investment out or not, no matter what it is your capital now- do as you please.
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Old 08-01-2017, 11:44 PM
 
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If you do take out your original money, make sure you factor in inflation first.
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Old 08-01-2017, 11:45 PM
 
1,002 posts, read 1,189,939 times
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So, being up over 100% would not make anyone nervous?

We are retired and living off the income from our IRA. BTW, Boeing is in a IRA. I am nervous about this bull market coming to an end. When, I don't know. but feel uneasy about it.

I would hate to lose the gains we made on the stock. I felt 100% gain was a big gamble but do not want to sell all the shares.

I hear the term, 'house's money' frequently and wondered if it was something most investors did. Now I know that isn't so. We aren't gamblers and have never been to a casino so I didn't know it was a gambling term.

We are also up quite a bit in the tech investments and feel we should take some off the table but have no idea what to invest the profits in. Tech and Boeing have been very good to our IRA.
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Old 08-02-2017, 04:44 AM
 
1,767 posts, read 1,731,283 times
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Quote:
Originally Posted by macyny View Post
So, being up over 100% would not make anyone nervous?

We are retired and living off the income from our IRA. BTW, Boeing is in a IRA. I am nervous about this bull market coming to an end. When, I don't know. but feel uneasy about it.

I would hate to lose the gains we made on the stock. I felt 100% gain was a big gamble but do not want to sell all the shares.

I hear the term, 'house's money' frequently and wondered if it was something most investors did. Now I know that isn't so. We aren't gamblers and have never been to a casino so I didn't know it was a gambling term.

We are also up quite a bit in the tech investments and feel we should take some off the table but have no idea what to invest the profits in. Tech and Boeing have been very good to our IRA.
What is important is to have a plan....a plan of when you are going to buy a security and a plan for when you are going to sell. Let's say you buy BA and say to yourself I am going to sell this when I reach 100% then if it does you sell without thinking.


Your other option would be a trailing stop order but that has some negatives as well but something to consider.


Nice to have a 100% gain in an IRA...no cap gains although if it is a traditional (RMD) depending on your tax bracket then it may have been cheaper to be in a taxable account and have long term cap gains rate.
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Old 08-02-2017, 06:13 AM
 
2,668 posts, read 2,592,465 times
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Originally Posted by macyny View Post
We are also up quite a bit in the tech investments and feel we should take some off the table but have no idea what to invest the profits in. Tech and Boeing have been very good to our IRA.
If you want to stay in stocks, broad-based index funds like SPY and QQQ.

The stock market will go through corrections again, if that's a concern you may want a balanced fund (mixture of stocks and bonds) instead.
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Old 08-02-2017, 08:39 AM
 
Location: NJ
31,771 posts, read 40,468,370 times
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Quote:
Originally Posted by macyny View Post
So, being up over 100% would not make anyone nervous?

We are retired and living off the income from our IRA. BTW, Boeing is in a IRA. I am nervous about this bull market coming to an end. When, I don't know. but feel uneasy about it.

I would hate to lose the gains we made on the stock. I felt 100% gain was a big gamble but do not want to sell all the shares.

I hear the term, 'house's money' frequently and wondered if it was something most investors did. Now I know that isn't so. We aren't gamblers and have never been to a casino so I didn't know it was a gambling term.

We are also up quite a bit in the tech investments and feel we should take some off the table but have no idea what to invest the profits in. Tech and Boeing have been very good to our IRA.
being up 100% wouldnt make me nervous. but i also dont own individual stocks. it doesnt really seem like you should either. i own index funds (and one of them is a 3x levered fund) and i have no intention of selling any of my holdings. i reserve the right to change that in the future but the general plan is to just stay the course. dont sell, just buy.
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Old 08-02-2017, 12:35 PM
 
Location: SoCal
20,160 posts, read 12,657,481 times
Reputation: 16993
Quote:
Originally Posted by macyny View Post
So, being up over 100% would not make anyone nervous?

We are retired and living off the income from our IRA. BTW, Boeing is in a IRA. I am nervous about this bull market coming to an end. When, I don't know. but feel uneasy about it.

I would hate to lose the gains we made on the stock. I felt 100% gain was a big gamble but do not want to sell all the shares.

I hear the term, 'house's money' frequently and wondered if it was something most investors did. Now I know that isn't so. We aren't gamblers and have never been to a casino so I didn't know it was a gambling term.

We are also up quite a bit in the tech investments and feel we should take some off the table but have no idea what to invest the profits in. Tech and Boeing have been very good to our IRA.
How big is it to your portfolio is key? If it's small let it ride. Why get nervous? If it's a big part of your portfolio then maybe you should diversify.
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