This is a quick question: I have some WFC that is now up over 100% for me since I bought it and it just matured into a long-term capital gain asset. Do you guys typically sell half and secure the profit at this point? I guess this boils down to the question of whether I trust the future of WFC/the market as a whole or not but I want more general advice on when to secure profit I guess.
I think you really answered your own question there. Definitely about whether or not you believe WFC can really turn around and not have the recurring issues they had in the past. I believe in that for perhaps the next year or so, as I also hold a lot of WFC right now, but mines doesn't hit long term until about February I think. Its had an incredible run the last year and I like having holdings in finance, but Im so unsure about it that I think I might take profit in February and reallocate it into more JPM shares. Im far more confident about them than I am WFC to keep it together, but I won't liquidate all of it.