""(Its nice to hold for greater than 12 months to get the capital gains tax reduction but sometimes it is more prudent to take profits.)"".
It depends entirely on whether you are here (in the share market and HC.), to make a living out of trading or, just for investment sake, whereby you put money you don't currently need, with the view of setting yourself a nest egg for the future.???????
So, which is which. Who can guess what is going to happen, in the future???
My past experience, proved to me that by holding long term, it has paid off extremely well. If only I could show my portfolio in person to prove it, then you may see it that, for me, it has benefited me greatly.
With this, I do not want to change your way of thinking but, on the same token, you and others here, should not try to change or deride someone else's thinking and/or point of view.
I am not a ramper nor a downramper. Never been one and never will.
Buddy
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held