• FlashMobOfOne@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    12 days ago

    I mean, yeah, but EVERYTHING soared this week. Stocks, historically, are volatile as hell in the month following a presidential election, so it’s hard for me to take any conclusions seriously.

    Personally, I’m just holding. The market will probably correct in a few weeks.

    • Rob Bos
      link
      fedilink
      English
      arrow-up
      5
      ·
      12 days ago

      I’ve sold off a few things that are peaking and plan to hold onto some cash for a bit.

      • FlashMobOfOne@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        12 days ago

        Not a bad way to go either, provided you’re selling high. Just be sure you’re taking taxes into account when doing so. It might not be advantageous in the short run to sell things at a profit if your shares don’t quality for LTCG.

        • Rob Bos
          link
          fedilink
          English
          arrow-up
          2
          ·
          12 days ago

          Yeah, I am offsetting with cap losses.

    • AwkwardLookMonkeyPuppet@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      12 days ago

      I thought it would dive after he took office last time and sold Microsoft stock that is worth over 10x more now than when I sold it. I ain’t selling shit this time!