End of January I got my feet wet into a position and added to that same positions after noticing it was doing well 3 months after.
8 months into holding the value went up by 40%+ (no major news still strong fundamentals). I was expecting this stock to bring me double digits return after at least a year or two of investing so I feel got dumb lucky here.
Now there is a heuristic about letting your winners run. And I was intending on staying at least 5 years with the stock.
However, profit is already higher than I hoped for. The long-term growth strategy of the company to my knowledge does not make it necessarily worth 40% more today.
Do wise man take some money off the table or abide by the heuristic of letting winners run?
for those still reading, the stock is $IEP
PS: I do not pay taxes on capital gains