When to sell?

Simonsays_2

I have an investment which is showing a gain of 91% and looks like it's still rising. When would be a good time to sell and what should the proceeds be invested in?

Southend1

Simonsays wrote: »

I have an investment which is showing a gain of 91% and looks like it's still rising. When would be a good time to sell and what should the proceeds be invested in?

i) Now
ii) Magic beans

PS I have magic beans if you want some?

somethingcorporate

This cannot be a serious question?

Southend1

Seriously though.... I guess it depends on your outlook for the future of whatever the investment is, whether you need the cash now or in the near future etc etc.

somethingcorporate

Southend1 wrote: »

Seriously though.... I guess it depends on your outlook for the future of whatever the investment is, whether you need the cash now or in the near future etc etc.

And a billion other things the OP has not told us...

sabretoothtigger

When it loses the 50 day average price. barring more detailed ideas, you could just sell your original investment leaving you unable to lose any money by continuing to invest.

A real company breakthrough in business will multiply many times its share price, this takes at least 5 years usually or 10 for mining firms, etc

Linton

Why do you want to sell? Has your portfolio become wildly unbalanced? Do you no longer have faith in the company or its products? Clearly you havent got anything better in mind to buy.

Simonsays_2

The thing is i have owned the product for some 15+ years and it's never performed this well before.
Selling half seams a very sensible idea but what should I put it into.
It it's in a PEP is it easy to transfer into my ISA account and buy a new product?
Thanks for all your help.

xylophone

http://www.hl.co.uk/investment-services/pep for information.

sabretoothtigger

15+ years and it's never performed this well before.

Im not sure this will ease your mind exactly but if you had taken the money 15 years ago to buy litres of petrol how much would you get
How many litres today is it worth.

Or do that with food, maybe houses. It might be the price is rising but the value is just catching up with inflation not incredibly overvalued like it might feel.

A good investment should be surprising how well it does. Which product is it, anything foreign 'gains' from weak pound

Sterling lost 4% since the start of the year roughly

Old_Slaphead

Simonsays wrote: »

I have an investment which is showing a gain of 91% and looks like it's still rising. When would be a good time to sell and what should the proceeds be invested in?

A wealthy person once told me if your investment doubles then sell 50% - the balance that you're holding will then be for free.

That premise of course depends on the time you've held your investment, whether it's returned any dividends, what returns you could have got elsewhere etc etc

The theory sounds reasonable but I've not had much chance to put it into practice