Yes, perspective is important here. I began selling in late February the positions I was holding in my IRA. The balance was at an all time high and had essentially zero dollars in cash. Fairly risky. So I wanted to capture the gains I had, establish a cash balance and begin to invest in the LI picks. The gains are noteworthy, but when you look at the entire picture including the gains from pre/non LI picks and G/L from my “speculative” account, I’m at 13% YTD realized gain. It is also a learning opportunity for me to remember NOT be extremely overweight on speculative stocks. Because the stink of one, extremely bad pick can erode a 65% gain into 13%. So now, my cash balance is higher than I’d like it to be, but thankful I have dry powder and a program to follow.
Reply To: Capturing GainsAMick2020-08-19T09:20:25-05:00