ChatterBank1 min ago
shares
3 Answers
got some barclays shares
should i keep or sell
thanks
should i keep or sell
thanks
Answers
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Depends on how long you have held them for if its only a few months then if you sell them you will have made a tidy profit.
If on the other hand you have held them for a couple of years then you have already lost money so you may as well keep hold of them and see if they recover.
Always assuming you do not need the money.
If on the other hand you have held them for a couple of years then you have already lost money so you may as well keep hold of them and see if they recover.
Always assuming you do not need the money.
A classic "behavioral finance" mistake investors make is anchoring on the purchase price of a stock and letting that drive the hold/sell decision. What you paid for the shares is irrelevant at this point (the purchase price is a sunk cost - you can't get it back no matter what, so it can't affect your decision today)
Assuming you would purchase a different stock if you sold the Barclay's shares, the only question to consider is: if I had this amount in cash today, would I buy Barclay's or some other stock? If some other stock, sell. If Barclay's, hold. Two mitigating factors: 1) transactions costs to make the trades 2) any taxes owed on the sale of Barclay's. Both these would have you holding Barclay's all other things equal.
Assuming you would purchase a different stock if you sold the Barclay's shares, the only question to consider is: if I had this amount in cash today, would I buy Barclay's or some other stock? If some other stock, sell. If Barclay's, hold. Two mitigating factors: 1) transactions costs to make the trades 2) any taxes owed on the sale of Barclay's. Both these would have you holding Barclay's all other things equal.
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