4Mon·

Freenet...

Good morning, maybe it's a mistake, maybe not... but I'm selling part of Freenet in a bank, with a significant profit (+17% in last three months)

05.03

FreeNet

Sold x12 at €33.68

€404.16

17.52%

12 Comments

finanzperpetuum@finanzperpetuum

4Mon

But why? Because of the +17% (+60€) or because business is over? Since 2016 I have received more dividends than my initial investment, 8,5% YoC and this year dividend will be on top of that.

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View all 5 further answers

Simone B.@TheRealSimone

4Mon

One thing... suppose you buy the stock X at 340 dollars, and you sell it at 400 (17% profit). Then the taxes (based on you country) 26%are of the gains. So 15.6 dollars gone by taxes. Even if you spent almost nothing for each transaction (like 2 dollars each so in totals 4 dollars), it would be profitable to invest in the same company again only if the price fall below 400-15.6-4-4 = 376 dollars. This mean that only if the stock drop more than 6% and you buy it below that level you can be profitable (and also that taxes and costs drained almost half of your gain). If it is a solid stock it may take alot of time to go under that level and you might loose all the raises in the price that the company realise in the mean time. What i wonder is... Is it worth it?

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Jose@Kspykee

4Mon

@TheRealSimone I understand your argument. One of my biggest problems is assessing when to sell. I think I choose a good stock with a chance of growth (Freenet is one of the easy ones to bet on), but then I have a lot of doubts about selling. I set a stop loss between 6-10%, but once they go up... I don't know what to do. I just joined Getquin to learn from everyone. Thanks again for your time.

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Simone B.@TheRealSimone

4Mon

@Kspykee the problem I think is that you are trying to buy low and sell high... In practice you trying to do market timing.... (And even the great investors many are not able to do it) There are plenty of papers that demonstrate that time in the market is better than market timing. If your goal is to build a portfolio over the time... A PAC on a diversified ETF May serve you better than paying a lot of fees and taxes

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Jose@Kspykee

4Mon

@TheRealSimone Stocks are only 32% of my current portfolio. The rest are SP500 funds, some in Japan, one specific to the Spanish IBEX that works wonders... Of course, my exclusive stock part is where I do trial and error, with very small groups of stocks. And it is normal that I fail more there.

I don't know how to put the rest of my portfolio in this comment...

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Chris@Longus1970

2Mon

I have 800 pieces of freenet and am the happiest person in the world. I bought them for 19.98 euros and I wouldn't think of selling them for a second.

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Jose@Kspykee

2Mon

@Longus1970 Hello, I own considerably fewer Freenet shares, but I still consider them important.
My current holdings are Mapfre, Freenet, HSBC, and Poste Italiane.

$MAP
$FNTN
$HSBA
$PST

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