For some reason, perhaps my hoarding tendencies, I still feel like the longer that I own stock in a company (as the value increases) that, through the price increases, I continually own more and more of that company.
There is zero connection between the two.
If I bought one share of Tesla at $60 and now it’s worth $180, sure, I made $120 (on paper) but I still only own one share.
I need to start letting go. Buy low and sell high.
Both of my Elon Musk stocks have earned me over 100% as of right now. Even the dud that Facebook appeared to be at first is up over 50%.
I should SELL!
I’m not so greedy as to *expect* returns that high — I should take the money and run, errr, re-invest in something I think is undervalued…
Here goes nothin!