After 5 Years of Holding, Here's Why I Reluctantly Just Sold These 2 Stocks (and What I'm Looking for Now)
In 2020, I had a special year as an investor. My retirement account with my employer previously had money invested in target funds -- investment vehicles with a retirement date in mind. I didn't have a choice. But after leaving that job in late 2019, I rolled my account into an individual retirement account (IRA), giving me total control over the cash value of the account.I wasted no time in putting the cash to use, diversifying my portfolio into individual stocks that I believed in for the long haul, including some stocks I still own such as Floor & Decor and Five Below.Also among my 2020 investments were financial technology (fintech) company Block (NYSE: XYZ) and image-browsing platform Pinterest (NYSE: PINS). But after holding this pair for five years, I've finally, and reluctantly, decided to sell both.Continue reading
In 2020, I had a special year as an investor. My retirement account with my employer previously had money invested in target funds -- investment vehicles with a retirement date in mind. I didn't have a choice. But after leaving that job in late 2019, I rolled my account into an individual retirement account (IRA), giving me total control over the cash value of the account.
I wasted no time in putting the cash to use, diversifying my portfolio into individual stocks that I believed in for the long haul, including some stocks I still own such as Floor & Decor and Five Below.
Also among my 2020 investments were financial technology (fintech) company Block (NYSE: XYZ) and image-browsing platform Pinterest (NYSE: PINS). But after holding this pair for five years, I've finally, and reluctantly, decided to sell both.
