Memo0606 · 2024-09-24T14:20:27.400322Z

no one died from profit taking😅 I wanted to reduce my base consumption range anyway the money will of course be reinvested

9Mes

Nobody has died of profit-taking yet, but nobody has died rich either. 😅

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Memo0606@Memo0606

9Mes

@Epi well, i don't think my action is stupid. if that's what you mean

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Epi@Epi

9Mes

@Memo0606 I believe you that you don't think your action is stupid. Anything else would be very strange.

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TomTurboInvest@TomTurboInvest

9Mes

@Epi Tell that to Charlie Munger's heirs😅
Book profits are not profits, especially buy and hold investors should remember that.

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Epi@Epi

9Mes

@TomTurboInvest Why are BuchGEWINNE not profits? They're already called that...
With dividends, you will definitely notice the rise in share prices, just ask Charlie Munger!

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TomTurboInvest@TomTurboInvest

9Mes

@Epi unfortunately I can no longer ask Charlie 😢

And before we confuse new readers with the satire "...are called that...", here is the explanation.

If you own shares that have risen in value, you have a book profit. However, this book profit is only theoretical as long as you do not sell the share. A book profit can quickly disappear again if the market value falls.

If you now sell the above-mentioned share and make a profit, this profit is realized and is actually available.

Characteristics of realized profit: Fixed and no longer affected by market fluctuations.

Of course, this does not mean that you cannot enjoy book profits, but you must be aware that they can disappear very quickly.

...and unfortunately you can't buy anything with book profits.

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Epi@Epi

9Mes

@TomTurboInvest Technically, of course, you're right.
However, I would put two points into perspective:
1. if you sell a share at a book profit, you initially only have cash or overnight money in your account, basically a new asset class (UltraShort Bonds) that is only less volatile. You can only really enjoy them after a further exchange for services or goods. And, at least in theory, this exchange can also be made directly from shares into services, e.g. via securities lending.

2. if I take an SL in a share in book profit, then that is my actual profit. It can no longer be taken away from me. It is somewhat different and lower than a book profit, but directly dependent on it.

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TomTurboInvest@TomTurboInvest

9Mes

@Epi is, as always, a matter of opinion, in the end everyone has to do it the way they like it anyway.

PS: as an active long-time user of SL or TrailingSL, I can say yes - with a good probability I can secure the book profit around the SL level. But, of course, I have also experienced the downside of SL first-hand often enough. I'm just talking about post-trade events and a big opening gap... 😭
Unfortunately, dips of more than 25% are no longer a rarity these days

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Memo0606@Memo0606

9Mes

@TomTurboInvest would you currently go in with visa or wait

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TomTurboInvest@TomTurboInvest

9Mes

@Memo0606 I have never taken a closer look at Visa. But after a quick look at the chart, I would wait and see if the 200 GLD holds. Well, and regarding the company news with the preparation for the lawsuit because of the monopoly position, one doesn't really know what effect this could have on the share price...

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Flo Hornung@Jambalayaflo

9Mes

Unfortunately, I sold far too early. Congratulations on the good percentage performance!

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Memo0606@Memo0606

9Mes

@Jambalayaflo thanks
i don't think there was much more in it...
now i just have to invest the profits wisely
I have already bought 2 visa shares today

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Alpalaka@Alpalaka

9Mes

No one has ever died from setting SL either :)

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Memo0606@Memo0606

9Mes

@Alpalaka as described above, it was also about the fact that, in my opinion, I had too much basic knowledge.

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Anne@AnneS

9Mes

Maybe another etf?

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Memo0606@Memo0606

9Mes

@AnneS yes if then the world islamic etf
but I would only go in when it is properly corrected

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Ayecaramba@Ayecaramba256

9Mes

but I would have preferred Reckitt, Archer or Nestle to go out instead of unilever

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Dominik@ETFs_sind_dummes_Geld

9Mes

@Ayecaramba256 rather buy Nestle and Reckitt

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Ayecaramba@Ayecaramba256

9Mes

@ETFs_sind_dummes_Geld if he wants to de-emphasize basic consumption, it makes no sense to buy Nestle and Reckitt;)

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Memo0606@Memo0606

9Mes

@Ayecaramba256 in my opinion, that also falls into this category
general consumption
and would rather buy reckit and nestle because more price gains are possible in my opinion
but nestle is annoying because of adr on trade republic

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Memo0606@Memo0606

9Mes

@Ayecaramba256 $ADM is also exchanged

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