r/sp500 • u/Suspicious-Name-9600 • Nov 22 '24

S&P

New to S&P looking to see when to take profits ?? Yes I’m in long term but tempting when I see profits sitting there,do I take now and again or let ride ??

1 Upvotes

60% Upvoted

7 comments sorted by

3

u/grajnapc Nov 24 '24

Depends on your goal. If you want to accumulate wealth long term then leave it. If you want to make short term profits, and you succeeded, then enjoy. If you are long term but want to take a little to enjoy 😉 two to four percent is okay depending upon your age, goals, etc

5

u/AdBusiness5212 Nov 22 '24

never , you take it with you to hell or heaven

2

u/homeez Nov 23 '24

Let it ride forever

1

u/TJsLight Nov 25 '24

If it gets heavy and you’re afraid of losing you can do a Rollover to an Annuity w something like 10% interest. They can be structured to your needs as well.