How do you think about when it’s time to sell holdings you don’t actually want in your long-term portfolio, even if they are performing really well right now?
I currently hold several high-risk stocks that I bought a while ago (Rigetti, CoreWeave, D-Wave Quantum etc). They’ve performed strongly, and the outcome so far has been positive. However, the more I read and reflect, the clearer it becomes that several of these companies don’t really fit the kind of portfolio I want to build long-term.
I want to stress that this isn’t about taking small profits or “locking in gains” for the sake of it. The stocks are doing fine, but I simply don’t want to hold these specific examples in my portfolio anymore.
So my question is: how do you decide when to sell holdings that you’re uncomfortable owning, even if they’re going up?
I’ve considered using trailing stop-losses, but it also feels like it’s important to have a more intentional exit plan based on your own criteria, rather than just relying on automated triggers.