When To Sell a Stock

0:00Johnnie Williams:This is an iHeart podcast. Guaranteed human. Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ads supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. Learn how podcasting can help your business. Call 844-844-iHeart. When segregation was a law, one mysterious black club owner, Charlie Fitzgerald, had his own rules. Segregation in the day, integration at night. It was like stepping in another world. Was he a businessman? A criminal? A hero? Charlie was an example of power.

0:38Johnnie Williams:They had to crush him. Charlie's Place, from Atlas Obscura and Visit Myrtle Beach. Listen to Charlie's Place on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey everyone, it's Emily Simpson and Shane Simpson from the Legally Brunette podcast. Each week we're bringing you true crime through a legal lens. Whether you want all the facts on the disappearance of Nancy Guthrie, or you still need to wrap your head around the ditty verdict, we're breaking it all down step by step. And we're not just lawyers, we're also husband and wife. It makes for some pretty entertaining episodes.

1:13Johnnie Williams:Listen to Legally Brunette on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. When segregation was a law, one mysterious black club owner, Charlie Fitzgerald, had his own rules. Segregation in the day, integration at night. It was like stepping on another world. Was he a businessman? A criminal? A hero? Charlie was an example of power. They had to crush him. Charlie's Place, from Atlas Obscura and Visit Myrtle Beach. Listen to Charlie's Place on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

1:48Rashad Bilal:Okay, let's get into the, um, when should someone sell a long-term position? I think this is a great question. And you have two types of investors. The investor you're trying to get the capital together to get to your first goal. And then you may have the second investor that's hit a couple of different targets. But my thing is, if you have not hit whatever your freedom number is, and shout out to the brother for this question, there's no reason to sell. the way that the market is going with in terms of inflation. Just over the weekend, like I was on a plane coming back, right? U.S. debt will reach$64 trillion by 2036, doubling from 2023.

2:35Rashad Bilal:I know that we'll talk about the Dow peaked at$50 ,000, even though there's all kind of unrest in the world. Debt to GDP, some are saying may hit$200 or$300, and that may be the baseline or median number for most countries going forward. So my thought is if you sell off your assets too early, unless you've hit your end goal number where you like your FU number, you're going to need more capital in the future. And I don't see on either side, Republican or Democrat, a great potential leader in sight. So I wouldn't hold off and think, well, I have more than enough money right now. It would be a mistake.

3:13Rashad Bilal:So if the debt is supposed to increase by that much, by 2036, the value of the dollar is going to drop even more. Ray Dalio just put out this past weekend, we're in phase six of the New World Order. So now is not the time unless you've gotten to that mark of 20 million, 30 million, 50, or that other number that we talk about behind the scenes. Now is not the time to sell or liquidate. And I think it's important just to pay attention to the positions that you're in because something like PayPal is down 89%. So when you start to see that your investments have taken a drastic turn, not just in price, but fundamental changes in the company, fundamental changes in the industry, they no longer have a competitive advantage.

4:02Rashad Bilal:they no longer have a moat there's someone else in the space that is more relevant than them that's performing at a higher level than them I think it's important just because it is if you're not one or two in the industry not to cut you off but if they're not one or two you gotta let it go yeah and you can't like you gotta have a stop loss there too 25 % max 25 % stop loss yeah because like I said PayPal's down 89 % so you can't you can't just say okay i'm just gonna hold it and hope for a miraculous comeback you had a hundred thousand dollars in paypal you know 10 years ago now you got eight thousand dollars like that's not a that's not a recipe to build wealth i mean real quick job creation is the weakest since 2003 consumer delinquency hit a nine-year high Small cap financials are exposed to both.

5:01Rashad Bilal:That's GDP. 20 years ago, it was 60%. It's currently at 145. They're not going to balance the budget anytime soon. No. Not likely. That's why gold got to continue to go up.

5:15Johnnie Williams:When segregation was a law, one mysterious black club owner, Charlie Fitzgerald, had his own rules. Segregation in the day, integration at night. It was like stepping on another world. Was he a businessman, a criminal, a hero? Charlie was an example of power. They had to crush him. Charlie's Place, from Atlas Obscura and Visit Myrtle Beach. Listen to Charlie's Place on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. When segregation was a law, one mysterious Black club owner, Charlie Fitzgerald, had his own rules. Segregation in the day, integration at night. It was like stepping on another world.

5:56Johnnie Williams:Was he a businessman? A criminal? A hero? Charlie was an example of power. They had to crush him. Charlie's Place, from Atlas Obscura and Visit Myrtle Beach. Listen to Charlie's Place on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey everyone, it's Emily Simpson and Shane Simpson from the Legally Brunette podcast. Each week we're bringing you true crime through a legal lens. Whether you want all the facts on the disappearance of Nancy Guthrie, or you still need to wrap your head around the ditty verdict, we're breaking it all down step by step. And we're not just lawyers.

6:34Johnnie Williams:We're also husband and wife. It makes for some pretty entertaining episodes. Listen to Legally Brunette on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. You know Roald Dahl. He thought up Willy Wonka and the BFG. But did you know he was a spy? in the new podcast The Secret World of Roald Dahl I'll tell you that story and much, much more What? You probably won't believe it either Was this before he wrote his stories? It must have been Okay, I don't think that's true I'm telling you I was a spy Listen to The Secret World of Roald Dahl on the iHeartRadio app Apple Podcasts or wherever you get your podcasts This is an iHeart Podcast Guaranteed Human