3Wk·

Cyclical high reached?

Commodities and precious metals only know one direction at the moment. Gold and silver are chasing from record to record. Rare earths and raw materials are needed everywhere. Even BILD and other gossip media are reporting! It doesn't hurt to take a few chips off the table when things get exaggerated. Not that $RIO (-0.4%) is currently overpriced, but this cyclical looks like a top. And as the position in my portfolio has reached unexpected (and above all unplanned) proportions, it was reduced by 25% today.

26.01

Rio Tinto PLC

Sold at €77.01

10 Comments

Horsti@Horstiiii

3Wk

I had already thought about it. But shouldn't you let profits run? 😉
Probably not a bad decision on your part.

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Kurz@MrKurt89

3Wk

@Horstiiii I often have this thought process and dilemma too. It's a personal decision with many backgrounds. I also used the sale to increase my cash ratio so that I could act flexibly in case of doubt. And it was only a partial sale and not a complete sale😉🙋🏻‍♂️

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DocTrader@value_crafter_1628

3Wk

I've already done that too. Rio is a real cyclical stock. Don't get annoyed if it continues to go up.... That's the classic. Enjoy the profit and that's that 😉

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NichtRelevant@NichtRelevant

3Wk

I think this will continue for a while yet. At the moment, we are not in a phase where the industry is calling up the maximum amount of raw materials for production due to booming economic development.

Nevertheless, no one has ever lost a position at a profit. Therefore: 👍

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Saarmupfel@Saarmupfel

3Wk

That's the reason for my stop-loss strategy :) Because I don't always have the time to keep an eye on the situation manually (sideline shareholder, hihi), I let my broker do it :-)

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NichtRelevant@NichtRelevant

3Wk

@Saarmupfel I think that's a good approach 🙂

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Saarmupfel@Saarmupfel

3Wk

"Fear-mongers" like me simply set a stop loss :-)

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NoOneElse@NoOneElse

3Wk

Kupfer?

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DerMartin@DerMartin

2Wk

I've also been thinking about it for a few days. The stock is up 60% and I actually bought it for long-term dividend income. Difficult decision, now of course my personal dividend yield has risen again substantially, and on the other hand these are of course very, very nice profits.
In any case, congratulations on your profit!

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Kurz@MrKurt89

2Wk

@DerMartin I feel it. It all depends on your personal situation. Can you offset losses? Would you pay capital gains tax on the profit? Do you want to sell just a few shares or all of them? How long-term do you want to be invested? You can also act anti-cyclically without liquidating the entire position or torpedoing your own strategy. You will make the right decision for you 🫱🏻‍🫲🏼

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