In November, I bought Eli Lilly at $36.12. It shot up to $41.50 right before Christmas so I sold it at a tidy profit of about 14% in one month. I figured that my short term (after tax) capital gain would be double my gross dividend for the first year, so why not? I also figured it would come back down soon enough since it's an election year. The logic was to buy back in when it does come down and get even more dividends.
Well, it just keeps goin' up and seemingly without any logic to it.
So if you have a 15 or 20 year plan, but the market hands you what looks like a gift of 14% in one month, do you take it, or stay long?
And why?
Well, it just keeps goin' up and seemingly without any logic to it.
So if you have a 15 or 20 year plan, but the market hands you what looks like a gift of 14% in one month, do you take it, or stay long?
And why?