BAL - Chart, page-506

Hi Bobbins, and welcome to the roller coaster. As stated in another post, the old saying “no-one goes broke making a profit” is appropriate to your situation.

I would also consider the tax implications. If you sell within a year, you pay around 50% capital gains tax. So whatever profit you make, you keep half. If you sell after one year, you pay 25% CGT. So I guess it comes down to your personal belief in where BAL is heading and your tolerance to risk, desire to sleep well at night, etc. 

You can always sell now and buy back in when the share price drops, as it inevitably will because that’s what markets do. If you’re concerned about selling too early or paying more tax, consult the old saying.

Personally, I bought in at $8 with a 2-3 year view and a target of $20, so the daily price fluctuations don’t really bother me. That being said, with the volatility of this stock and the fair points made by some negative holders on this forum, I’ve been tempted to do what I suggested – sell now, buy back in later!