It’s December 11th, 2020, and while you’re still working from home, your hours have picked back up. The worst seems to have passed. However, the political climate seems tense, at best. The sitting president lost his reelection bid, and the discourse from the media and your friends and family is toxic. Politics doesn’t interest you though. What does interest you are your investments and your financial future. And based on a $2,500 bet you made almost two years ago, your future is looking bright. The stock you purchased at $16.96/share is thriving, trading at $156.93/share. Your $2,500 investment has turned into $23,131.48. This most recent price jump comes with news that the company you’ve invested in is looking to get its pandemic vaccine approved by the FDA. With an extra $23,131 you can do a lot: buy a new car; put a down payment for a house; move your funds into your IRA, or even invest in other stocks.
What will you do?
Sell – Take a $20,631.48 profit