Hello community. What is the best advice you can give a newbie (I'm conservative) when it comes to selling stocks? For example, I bought a fraction of a share (Like a month and a half ago) worth $100 USD (Cost basis) and now its Market Value is around $160 What should I do with this investment? Should I sell the fraction of a share equivalent to the $60 to invest in another company? Thanks.
It depends on your plan. Are you building a portfolio, swing trading, intraday, long term, short term, value investing... Have a plan, research, study and execute.
It's my first time selling a stock. I want to keep the initial investment of $100 in that company that now its market value is around $160, what I don't know is the following: 1. I must sell all the stock to receive the $160 (The $100 would be immediately reinvested in the same company and the other $60 would be invested in another company) or 2. Should I sell the fraction of this share equivalent to the $60?
%% SAY its following + beating benchmark SPY[ big beat %versus SPY] Single stocks have much more risk than SPY, but if that was me i would let profits run thru today/spy strong/ + uptrending as of noon .THEN sell all >50% month/>500% per 12 months, for sure print some charts on that sector; or hand draw some. DAVE ramsey allows 10% max per single stocks; $1,000 AUM , $100 max; $1,000,000 a[assets u [under] m[ management ] max 100k for single stocks. Ive done FNGU before />250% YTD, not in it now or 250% YTD buy + hold
Never had anything with fractional shares, yet, i doubt that you can sell a fraction of a fractional share. You would sell whole, fraction, i guess, which is $160. If you think that the company has a great future ahead, keep it.
%% I think you are right; even though SCHW allows an order to be split ,[if a whole share + is in there] which could do it. But certain time restrictions apply \no last 15 minute sales if i remember right. WHEN i did trade single stocks i allowed for 50% overnite GAP against me; never did happen , but i knew it could. Profits ride+ cut a small loss on XOM,early 2023..........................