Back in the day ....
A friend living on a boat with about $300k + boat + small farm invested in Israeli tech.
His goal was to buy new boat, about $350k.
Soon he was looking at a $1.5 million boat as his stocks were worth over $6 million.
He wouldn’t get out as he didn’t want to pay the taxes.
Not so long later his stocks were worth About $350k.
My brother (long term holder, careful researcher) just did that...he bot a stock for $190 and about a week later it ran to 225 on news he had no idea about. I urged him to take a quarter or half off at dead minimum; my philosophy is that if you get a year’s gain in “zero” time you have to take some of it. Nope. Tax hatred, same story. Now the stock is $124.
When you think of the emotional/psychological difference between now and the Trump era, it’s pretty massive. I mean, what the heck does the market have to look forward to now? Anything? Bueller? Nevertheless, the market has come an astronomical long way since jan/feb 2020 and many stocks sit atop those gains. I don’t consider current conditions favorable to continued bullishness and that’s why (I think it was you a few days ago) I commented that there is real vulnerability here, and I would strongly prefer to trim aggressively rather than ride it down 15-30%. I am not saying go to your brokerage page and sell everything one by one until you are flat. I’m saying “duck”.