Author holds Rigetti with a 139.74% gain but does not see it as a long-term hold and asks how to exit, without a directional thesis.
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23M - I consider myself a long term investor, but I also enjoy buying individual stocks if something looks interesting. I only ever throw a small amount of money at them, nothing more than I am completely fine losing 100% of. In this case, I purchased $RGTI one time almost exactly a year ago and my current return is 139.74%. Initially I wanted to get into AI, but figured I was too late for any significant gains so I started looking at quantum and kinda just picked $RGTI at random. The problem is that I don’t really see this as a long term hold. I have a couple other positions like this, but not nearly as good of a return. So what can I do with these stocks that I see as popular right now, but not in the future? Do I just set a return value in my head that I would like to see and then sell once I hit that? I’ve never sold any positions before so any advice would be helpful, thanks.