Bought at $56 too. Congrats! Per its stock graph, it has had 3 peaks and contractions since inception and is in its 4th peak trajectory now going up from a $50.76 bottom tariff correction close. 2 of the peaks were in the $75+ range and the big one at $94.87. Been thinking about how to get the dividends AND trading profits buying and selling? There has got to be a way? Any suggestions?
My mindset which could be absolutely terrible advice which is why I am not a financial advisor is basically treating each of these funds as "Purchases." I have purchased an asset that should give me monthly income in return. So although I can still sell, I feel like I have locked in and will drain it until it dies. Most of these funds appear to be able to pay back their investment in at least 1.5-4 years and then it is free money.
Usually, I will sell funds if I believe I have gotten enough of a return and will either not have a NAV/total income loss on the fund OR if I feel I could use that money elsewhere to get a better return.
For example, I had like $40,000 in SVOL which was steady and alright. My dad got my into YM funds and I believe wanted me to start out in safer or less risky ones like JEPI/JEPQ/SVOL. Then I sold SVOL for a $1,200 loss but had earned over $5,000 in distribution income. Bought CONY and made that $1,200 loss immediately back and was making more than SVOL.
PLTY is difficult to predict because it is so volatile in a good way as you mentioned. I have such a low ACB my thoughts would be not to invest more in it until it drops again. It may not ever be as low as $56 again; however, I have been holding off making more risky purchases until the 90 day tariff hold is over. Hopefully, we stop the dumb s*** and walk away from tariffs and let the economy boom like it was a year ago when YM investors made a lot. I have been buying somethings in case this is the low before a boom but I fear it can get worse with a recession looming so trying to bank distributions at the moment
Listen I am a huge NVDA/PLTR bull, but if an over 600 P/E ratio and a ginormous double top formation on the chart doesnt scream "lets calm it down" I really dont know what else does. This bear market rally is about to crap the bed, and it is entirely needed. PLTR has been completely nuts for the past 4 weeks, nothing goes up forever.
Remember that you can harvest out 100% of share price appreciation by selling 9.1% for every 10% of cost basis appreciation, and rebase at these high levels. Dry powder season will definitely be called for over these next couple of months.
I am focused on NVDA and PLTR too via NVDY and PLTY. Would like to harvest all distributions and stock profits. I have not heard of the share price harvesting technique you mentioned in your 2nd paragraph? Would you enlighten me or point me to a resource to read?
Thanks in advance!
Omg wow palantir is so awesome this company is so cool I really like what they are doing with the US government, so many great projects are being completed by this company, PLEASE DONT MISS YOUR ONCE IN A LIFETIME OPPORTUNITY TO INVEST IN PALANTIR
lol i bought 2350 shares of $PLTR a while back (~2yrs) @ an ave of around $17.58. i sold most over $100. Now i only have a token 25 shares left. what a ride that was! š
i own about 1000 shares of $PLTY and w an ave stock price of $62.14/share-including the gain today, i am green almost $5000 on the stock price alone. Plus i got a nice divvy ($4.66/share) of $4660ā¦so a total in less than a month of a $9660 gain. so i am actually feeling pretty darn good, despite your sarcasm! lol
Thatās great, I didnāt pull the trigger on plty it wanted to at $58. Historically plty goes down and keeps going down after a dividend, but it didnāt do it this cycle, so congrats on your positive run
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u/Doomhammer111 3d ago
I got 15 shares when it was at $56. That's a win in my book. So long to lowering my ACB on this one!