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One of the trickiest parts of being an investor is knowing when to get out. If you've been holding onto a stock for a long time, it's easy to fall into the trap of wondering whether it's going to get one more surge, or if it's worth holding out for an extra percentage point or two.
As usual, I'm here to make it easy for you.
I'm looking at a couple of popular stocks - held in tens of millions of portfolios. It's time to sell them. Sell, bank the profits, and move on. Those profits should be hefty; two of these stocks have had great runs, and one of them has been on the market since 1984.
But for both these companies, the promise of future profits is, for the moment, just not there. They're treading water, and their stock is destined to do the same. You're better off selling now and reinvesting that money into other companies with more profit potential.
Here's what to do now...
We're not done yet: If you've been with me for a while, you'll know I think Bitcoin is one of the all-time great trading vehicles. I've seen predictions of $130,000... $300,000... even $500,000 on the horizon. Tom Gentile here is even more bullish; he thinks we're staring down the barrel of the greatest investment opportunity of our lifetime. He's naming two new coins - very tiny, to be sure - that he's saying could well 10X Bitcoin's performance in the next year. Tom's got the details for you right here.
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About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.