Over the last couple of months, my portfolio has seen substantial growth. Valuations are generally at all-time highs. $GOOGL (+0,59%) has increased by approximately 9% since yesterday, and I still have confidence in this company and its business model for the long term.
However, since my portfolio is relatively small compared to most big guys here (+-10K), and I’ve made 30% on Google in less than three months, I’ve decided to sell a small portion of my Google holdings. My portfolio was heavily weighted in Google, with 20% of my investments in the stock. While it feels weird to sell, I believe that taking profits when valuations are significantly high is a wise decision.
How do you approach taking profits, especially when a stock constitutes a large portion of your portfolio and has experienced such a significant increase in share price?
