Let me know what your thoughts are on the above.  Are you holding on to losses?  If yes, ask yourself, would you buy this stock today.  

Remember to  email me about anything investment or personal finance related at felix@goatacademy.org

I look forward to hearing from you.

Felix

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  1. Thanks Felix. Good summation! I'm a new investor (1 year) and that's exactly what I've been doing.
    Glad to see these are common mistakes and I'm not alone! I won't rely on hope anymore for my riskier plays.
    Do you have a recommended % that growth/riskier stocks etc should make up of your portfolio? 10% Growth, 10% crypto etc?
    I've tended towards growth due to the buzz from other youtubers and potential gains, however I feel I'm now moving towards more steady plays. TSLA, MSFT, FB. Thanks

    1. Hello Mike, hard to summarise an answer in a few lines. I have a full course on this 🙂
      Essentially, factor in your time horizon. The shorter the time horizon, the less risk you can take. I am presently about 70% large caps (my ‘quality/reliable’ stocks), 20% physical property and 10% growth stocks.

  2. Hi Felix,

    How do you facter in short vs long term capital gains tax when taking profit? I have a few shares in AMD and Coinbase that are doing extremely well. I'm thinking of holding until I reach the 1year mark (summer '22).

    Thoughts on that strategy?

    1. Hello Lori, that is a tricky question. Taxes create perverse incentives. You are likely best to ignore the tax question. If you have a good reason to sell, I would sell. But then I wouldn’t live in a jurisdiction with capital gains tax either 🙂

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