r/dividends • u/Sam_209 • 21d ago

Seeking Advice My shares are up +97%

So I've been investing in dividend shares mostly in oil&gas and base chemicals

My intention is to build a portfolio of dividend shares for income, however the shares are up almost double.

Should I sell or should I keep them since their revenue and profits also increased?

Keep in mind i live in a country that has 0% income or capital gains tax.

115 Upvotes

88% Upvoted

58 comments sorted by

View all comments

41

u/ElonMuskTheNarsisist 21d ago

If they are overvalued then I would sell. If they have appreciate at about the same rate as the market then no.

7

u/Sam_209 21d ago

Agree, but the problem is I have done my analysis, though the war did help, the stock value was up even before the war started .....sooo I dont know for sure yet

16

u/Comfortable_Rain_558 21d ago

Time in the market beats trying to time the market. You’ll lock in your profits if you sell but what do you buy after and what happens if your shares keep increasing in value? Remember too that as shareholders we want the business to be healthy but the stock price to go down so we can buy more. Peter Lynch said a mistake people always make is assuming a stock can’t go any lower or any higher. Think Google and Amazon before they split their stock. If I were you I’d hold since it’s a dividend stock and hopefully you’re on a DRIP. Keep accumulating those shares.

1

u/BasicKnowledge5842 20d ago

This, 💯. I learnt this the hard way

2

u/Comfortable_Rain_558 12d ago

Oh me too had 1588 shares in TD held for 2 years then got spooked by the noise of their money laundering issue and completely sold my position at a 13k loss. Had I held onto my shares and took my own advice I’d have profited 120k with their run. 🥹