Profit is made when you buy a stock, not when you sell. You only buy stock from a company you have researched and genuinely believe has long term potential. Things like this shouldn’t be altering your perception of the stock.
I’m paraphrasing but that was a major point in “common stocks and uncommon profits” by Philip Fisher.
Saying you make your profit when you buy the stock means you have a clear plan on when you’ll be selling the stock. A dip in your stocks is an opportunity to buy, not to sell.
Ofcourse, and stocks might fall over the short term, but thoroughly vetted companies have a much higher probability of bouncing back. Diversification and thorough vetting at the time of buying is what experts recommend, not panic selling.
Profit is made when you buy a stock, not when you sell. You only buy stock from a company you have researched and genuinely believe has long term potential. Things like this shouldn’t be altering your perception of the stock.
I’m paraphrasing but that was a major point in “common stocks and uncommon profits” by Philip Fisher.
What? You make a profit when you sell it for more than you paid for it. Any growth before the sale is unrealized gains.
Thanks for explaining how profits work lmao
Saying you make your profit when you buy the stock means you have a clear plan on when you’ll be selling the stock. A dip in your stocks is an opportunity to buy, not to sell.
You can have a great company, but if the government decides it’s illegal or something, then that’s still a problem.
Ofcourse, and stocks might fall over the short term, but thoroughly vetted companies have a much higher probability of bouncing back. Diversification and thorough vetting at the time of buying is what experts recommend, not panic selling.