facebookHi, i invested about 11k in ocbc stock and now has $600+ unrealised gain. Should i sell off? I dont think i will see it rise to such a high price in at least the next 6 months.? - Seedly

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Anonymous

11 Mar 2020

βˆ™

General Investing

Hi, i invested about 11k in ocbc stock and now has $600+ unrealised gain. Should i sell off? I dont think i will see it rise to such a high price in at least the next 6 months.?

Discussion (5)

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Rais M

05 Mar 2020

Accountant at SME

The high may get higher, and the low may get lower. It is really very hard to think whether OCBC will goes up or goes down over the next 6 months. Who knows, it may hit an all time high.

To determine whether you should sell a stock, you should think back why do you purchase the stock in the first place. Why did you buy OCBC? Other than the unrealised gain, is OCBC business still the same or are you expecting a downturn in the banking sector. Not to forget, OCBC also pays dividends. When OCBC share prices drops, they will still pay you dividends.

And of course, another valid reason is if there is another stock that is more attractive than OCBC, it could also be a possible reason to sell OCBC.

This would be 5.5% gain over an unspecified period that should be benchmarked to % per year since investment to be able to compare.

one question is, whether banking stocks are a good sector. another question, whether it would not be betterswitch to sector or country or global passive indexing ETFs for holding them more than 10 years. one other question would be whether that stock was chosen in the first place and what was the initial strategy for selling it later.

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That's about 5.5% unrealised gain. Are you happy with the percentage? Or would you rather wait it ou...

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