So I have few stocks that have gone up significantly since I invested in them in 2022. Anyway where between 30- 60% (in $ amount its maybe 17k in profit across these stocks)
Now I am trying to figure what the right strategy is to take the profits out. I dont need the cash and I am in CA so taxes. 😒
But what I am concerned about is what is the strategy here? Do you “take” the profits out when its a certain % or just leave it and forget it. I did that latter part with other stock account I had and after few years lost all the profit and some principal too.
Appreciate any advice.
Edit: snapshot of my portfolio esp stocks with nearly 20% gains. I have lots more with loss too that I want to add to. But for these I am not sure if I should take the profit out or just cont with DCA. When I had the money I added to meta, uber, Meli and Airbnb.
MRK 25.161 (17.84%)
ABNB 52 (19.51%)
UBER 102 (22.45%)
NELX 16 (43.22%)
MELI 17 (43.45%)
META 101 (49.97%)
NVDA 30.008 (63.18%)
[link] [comments] https://www.reddit.com/r/stocks/comments/125ga8j/taking_profits_from_investments/
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