UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 261675  
Subject: Re: Profit taking with volatile stocks Date: 3/4/2013 12:17 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I agree with Charlie, but a few points to consider--

1. Some advisers associated with brokers are known to churn an account to generate additional commissions. So part of this is your confidence that the adviser is acting with your best interest in mind.
2. Some do note that the markets are up with the Dow close to setting records. They expect a correction. If you have cash available, you will be able to take advantage to accumulate shares at perhaps a discount of 5 to 10% from current market prices. We hope recovery will be quick. Hence, it can be an opportunity for fast profits.
3. Some stocks that have reached their potential or even exceeded targets can be ripe for harvesting. You will want to consider tax implications if in a taxable account. Are they long term? How much longer must you hold them to get to long term?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
GetRichDieTrying's CAPS Blog

Becoming a Seasoned Investor
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement