I joined 212 early to mid last year, and given the way the markets have gone, and a spot of luck, I actually have a few stocks that have doubled in value, or there about if not more.
It dawned on me today, that I am generally a buy and hold, long term investor, so the market order system here is brilliant, but what if I started taking out my initial investment once my gains were + 100%, and then leave them as they were?
My gains could be reinvested in another stock, or put into a global equity tracker, with effectively some ‘free’ satellite holdings. Clearly if you buy £100 worth of stock at £1 a share, and they grow to £4 a share, you have £400 in value, so £300 in gains. But if you withdrew £100 when it reached £200, then you would only have £200 in profit when the price reached £4 a share.
If you believe in the stock growth, then clearly leave it in there, but taking out some profit does allow you to rebalance and diversify your portfolio.
Has anyone done similar - I’m not entirely sure where to start in terms of analysing this.