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When Does It Make Sense to Take Profits From Your Biggest Winners?

From awealthofcommonsense.com

From the bottom last March, the S&P 500 went on to have its biggest price gains since 1950, rising nearly 75%. Those gains seem paltry by comparison when looking at a number of individual stocks or cryptocurrencies. Since the market bottomed on March 23, 2020, Tesla is up nearly 750%. Wayfair has risen more than 900%. Penn National Gaming has soared 820%. Bitcoin is up 650%, while Ethereum has surged more than 1,000%. These are extraordinary long-term gains for any investor, but the fact that they have occurred in such a short period of time makes it difficult for investors to figure out what to do next. Do you take ... (full story)

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