Quote:
Originally Posted by roper1
What say gents, mebbe getting a bit toppy ?
Cash in a little or ride some more?
Thanks to everyone who contributes thoughts & experiences here, much appreciated!
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In my base portfolio of long term hold stocks I buy quality, dividend paying stocks. They are intended to provide monthly income for living expenses over the short term and capital growth over the long term. All of the money that we live on in retirement is provided by the dividends from these stocks, CPP is barely beer money for a month and there are no other pensions. With inflation running at 15 or 20 percent, living on a fixed income would suck the big Megila and that is what you would be doing on most pensions. I never sell to lock in profits. The only time I sell a stock is if I decide to get out of a position all together.
There is a portion of my portfolio, like oil and gas, that I buy and sell short term for profit. The answer to your question is buried in whether the stocks you are talking about are trading stocks like oil or long term hold stocks like banks.