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What do you guys think. My plan is to sell 100 shares of Ford and I'm thinking I can sell it in lots. So I have shares that I've made some profit on over the years, ranging between $7 - $11 and it's all long-term gains. I was thinking about selling that and retaining the shares that are still in negative territory. Shares that were purchased in the $14-$20 range. I don't really need the loss and I'd rather take some of my wins and invest them in other companies. Bad plan? Good plan?

What do you guys think. My plan is to sell 100 shares of Ford and I'm thinking I can sell it in lots. So I have shares that I've made some profit on over the years, ranging between $7 - $11 and it's all long-term gains. I was thinking about selling that and retaining the shares that are still in negative territory. Shares that were purchased in the $14-$20 range. I don't really need the loss and I'd rather take some of my wins and invest them in other companies. Bad plan? Good plan?

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[–] 1 pt

Add them all together and see what your overall investment is. Then see how much you can sell all of it for now. Are you in the profit side? If you are then you should sell it all and then diversify into a few different stocks in different sectors. I don't know how much we're talking here but your better off to spread that shit around a little. You should have already sold off the stuff you bought at 20 bucks when it was going down, cut your losses and save money in the long run. You could have sold and bought something else that was profitable when it went down to say 17 or 16 and been making money instead of keeping on loosing down to 12 where it is now.

[–] 0 pt

Yeah I fucked that part of for sure. I have some other stuff that was bought on dividend that I want to sell but yeah you might be right to sell a decent chunk then reinvest it in something that will recover the losses

[–] 1 pt

Sell it all dude, don't be nostalgic.

[–] 1 pt

My broker dude was happy to read that's it's going to be wacked up in the near near future. They've been waiting.