Yeah, I have no shame in admitting it. I got lucky. Contrary to my normal investment style (buy and hold what I consider blue chip companies long term), I decided to take a jump into the IT sector at the end of May and bought 15K USD worth of Reddit. Well, I've more than doubled my investment and now I'm left wondering what to do.
It's not my first time buying IT, I bought Google a couple years ago as a buy and hold and I'm up considerably over time. I guess my issue with Reddit is the sheer explosiveness of the growth. I'm up over 100% in just a few months and in that time there have been no significant developments to justify the crazy growth. Do I believe in the company? Yes. Do I love their lack of debt and bottom line? Most certainly. But I'm having trouble grasping the evaluation. Not to say it's overvalued or even undervalued but I'm struggling with it.
I've already taken a bit of profit and I keep feeling I should take a bit more ..
Maybe this should have went in the individual stock section as it's mainly about Reddit. At the same time I feel it's a bit bigger than that. What do you do with a runner and at what point do you let it run or cut and take the win? If I had this same growth over a year or two would I be feeling so weird about it?
My experience with Google and others say I'd be totally fine.
Curious what others would do or have done in this type of situation.
It's not my first time buying IT, I bought Google a couple years ago as a buy and hold and I'm up considerably over time. I guess my issue with Reddit is the sheer explosiveness of the growth. I'm up over 100% in just a few months and in that time there have been no significant developments to justify the crazy growth. Do I believe in the company? Yes. Do I love their lack of debt and bottom line? Most certainly. But I'm having trouble grasping the evaluation. Not to say it's overvalued or even undervalued but I'm struggling with it.
I've already taken a bit of profit and I keep feeling I should take a bit more ..
Maybe this should have went in the individual stock section as it's mainly about Reddit. At the same time I feel it's a bit bigger than that. What do you do with a runner and at what point do you let it run or cut and take the win? If I had this same growth over a year or two would I be feeling so weird about it?
My experience with Google and others say I'd be totally fine.
Curious what others would do or have done in this type of situation.
