With 99% of OTC stocks I would definitely cash out
Post# of 82672
(Total Views: 626)
Posted On: 11/23/2018 10:51:54 PM
With 99% of OTC stocks I would definitely cash out (or sell at least half of my shares) at .50 or $1 because, in general, OTC stock prices can be very volatile.
But SFOR seems different (worth holding long term) and may be a once in a lifetime (retirement) stock. Also, IMO you probably won’t lose money here if you hold for a year or more for a higher price and you will pay much lower taxes on long-term capital gains.
My strategy is to wait for $1 PPS and then sell ONLY WHAT I NEED to pay off any bills/debts and get money to live off of for the next year, -since I’m retired.
The rest (the majority) of my shares I’m planning to hold long-term and see what happens (hoping for a much higher price).
Of course the above is not investment advice and you will need to do what is best for you.
GLTU,
RR007
But SFOR seems different (worth holding long term) and may be a once in a lifetime (retirement) stock. Also, IMO you probably won’t lose money here if you hold for a year or more for a higher price and you will pay much lower taxes on long-term capital gains.
My strategy is to wait for $1 PPS and then sell ONLY WHAT I NEED to pay off any bills/debts and get money to live off of for the next year, -since I’m retired.
The rest (the majority) of my shares I’m planning to hold long-term and see what happens (hoping for a much higher price).
Of course the above is not investment advice and you will need to do what is best for you.
GLTU,
RR007
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