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The first stock I ever bought was Silver Wheaton. Now called Wheaton Precious Metals Corp. I read about them in moneysense magazine so I opened a brokerage account and bought $500 worth of the stock. 6 months later my $500 was down to $350, so I sold and withdrew my money. Haha
Hahaha I wonder if they pumped during this precious metals bull run
Wow!! Yeah that is what I am hoping to do buy and hold 20+ years
That's the mindset you have to have. If you believe in a stock and think you are getting a fair value for it don't sell it. It's ok to trim and add around the edges if you feel the need to try and time the market but I wouldn't do that with more than 20% of a position. Just hold it. If your thesis changes then sell it and move on to something else.
Indeed! 400% gain in over a year for this Canadian company