I am up 98% of my portfolio this week due to those airlines/entertainment stocks rallying. Should i sell and take profit even though they are still a far from their original price pre-covid?

Hi anon,

If you portfolio value has doubled, consider selling half, taking back your capital and letting the rest of the stocks run on their own. (This assumes you mean that you are sitting on 98% profits at the moment compared to your entry price)

This allows you to protect your capital, while still leaving a portion of your portfolio to remain invested. This remaining portion is now free of cost and you won't feel too bad if the market keeps rallying, and you won't have to fret if the market comes down.

To me, peace of mind is priceless.

Depends on what were your objectives when you bought those stocks and your investment horizon.

If you don’t have a plan, you probably need to re-evaluate your investing strategy. Seems like you are timing the market.

Otherwise you could sell a portion to lock in your profits and hold the rest.

Personally I haven’t sold any stocks yet.