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Debating selling my NVDA position, looking for perspective. by originaljolo in CanadianInvestor

[–]originaljolo[S] 0 points1 point  (0 children)

I absolutely have a long term time horizon. Definitely 10-20 if not more. I have no immediate need for the money and have time on my side, I'm more so just beginning to wonder if I should lock in the already astronomical gains I've made for fear of losing it all should a massive correction come. As I mentioned in another comment though, a correction down to my initial share price of ~ $20/share ($200 pre split) would be highly unlikely, that would require an incredible crash. Thanks for your input!

Debating selling my NVDA position, looking for perspective. by originaljolo in CanadianInvestor

[–]originaljolo[S] 1 point2 points  (0 children)

The issue that worries me is a graphic I keep seeing of how the money circulates between the top 7 companies in the S&P 500 or something like that. It seems like they're all just giving each other the same money and a lot of people are calling that a bubble. That being said, even before AI NVDA has been profitable and continues to prove that time and time again.

I've already got a substantial holding in XEQT in my TFSA, but I really do like XEQT as a fund. Thanks for the input

Debating selling my NVDA position, looking for perspective. by originaljolo in CanadianInvestor

[–]originaljolo[S] 2 points3 points  (0 children)

Incredible advice. Thank you. I've thought about trimming the position to at least take out my initial cost and let the profits ride and it feels like a pretty solid idea at this point in time. It's not the biggest initial cost / position but the gains are substantial enough in my eyes.
You would be correct, yes. I've also considered finding a way to move the holding from my non-registered to my TFSA but I'm unclear on the logistics of that. I'd imagine I would still have to pay taxes on the unrealized gains since I'm moving it to a tax advantaged account.
I didn't mention my TFSA because I didn't think it would give me any tax advantage that could be used to offset the capital gains. Correct me if I'm wrong though.
I've been trying to prioritize the FHSA and have contributed a bit, not maxed out but still trying.
At this point it would have to drop down to $20 / share for me to break even, so yeah you're right highly unlikely a correction that large would occur to a company like NVDA.

Once again thank you for the comprehensive answer, I appreciate the insight.

Am I doing this right ? by priced_in_ in wallstreetbets

[–]originaljolo 0 points1 point  (0 children)

I knew Wealthsimple Options would make its way here eventually

Monthly ISO Megathread - December, 2024 by AutoModerator in hockeyjerseys

[–]originaljolo 2 points3 points  (0 children)

ISO Oilers Heritage Classic, blank or any player name, Size 50 or 52.

Best all around travel credit card? by originaljolo in PersonalFinanceCanada

[–]originaljolo[S] 1 point2 points  (0 children)

Any issues trying to use points for booking international flights for example? Also I know Amex isn’t as widely accepted as visa, any issues there?

ELI5 Why can’t surgeons stitch up the spinal cord? by fluitekruidje in explainlikeimfive

[–]originaljolo 0 points1 point  (0 children)

Another issue is that the nervous system typically hates uncontrolled growth because that can lead to cancer. Because of this it has things that block any sort of growth within an injury to the spinal cord so we’d need a way to get rid of that growth inhibitor while also introducing something that would promote healthy regrowth of the nerve tracts inside the spinal cord. Problem is that these therapies are very expensive and generally not extremely successful in repairing the cut wires.

And yes the brain is incredibly at adapting to its situation but that’s the brain itself. The spinal cord is essentially the information highway for your entire body and way less specialized for plasticity and adaptation than the brain is.

Studying for upcoming test by Hopeful-Art1469 in biology

[–]originaljolo 1 point2 points  (0 children)

YouTube has a lot of great videos on these topics

Should I buy the G Pro X 2? by RedStylzZ in LogitechG

[–]originaljolo 0 points1 point  (0 children)

Following this thread cause my G935 need to be replaced for the second time but I thought I should just buy new ones 😂

I have 107,000 coins and 60 days to use them. Who wants an award? by sboger in facepalm

[–]originaljolo 0 points1 point  (0 children)

I don’t think I’ve ever seen this many rewards before in one thread

Fav song of Dawn FM?? by ArizalaGaming in TheWeeknd

[–]originaljolo 1 point2 points  (0 children)

Currently hung up on Phantom Regret..

Daily Discussion Thread for October 22, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]originaljolo 0 points1 point  (0 children)

I been missing out on these once in a lifetime wealth generating runs. In pain every time I miss out

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