2006-06-12 07:10:01 · 7 answers · asked by altpro9 2 in Business & Finance ➔ Investing
When it no longer meets the original reasons you invested in the first place.
When it exceeds your "asset allocation" in its class. Consider (if that's the case) selling 25%, 50% etc of your total holdings.
The key to successful investing is having and maintaining a good "asset allocation". This is more important than getting the right stock or mutual fund.
2006-06-12 15:38:12 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Exxon is world's largest oil company and also world's largest company(assest wise with market cap of more than $300 B). The company. Recently it has expericned high profits,(last year more than $35 B.) but the governemnt is after the oil copnanies, they want them pay more energy taxes, invest more on researching cheap energy etc.. I also belive that in next 5- 10 years a energy industry change is comming, new compoaies are delveoping Corn and Sugar based ethanol, solar energy in schools and houses, which will reduce demand of oil, and because of that, oil prices WILL go down but I am talking atleast 5-10 years down the road. Currently energy is the bset performing industry that is due to high prieces of Curde Oil, in short run prices should stay at this level. Exxon is a great company it has performed well pays good divideds and may will increase divideds, you should hold on to it atlease 2 years or so...
2006-06-12 16:10:32 · answer #2 · answered by Pinak S 1 · 0⤊ 0⤋
Never.
You don't sell the most profitable company in the United States of America.
In fact, they are buying ANOTHER Oil Company as soon as the Oil is down to $49.00
Here is a good number:
The second most profitable company in the United States of America (Citigroup) made $11 Billion less than Exxon Mobil last year.
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2006-06-12 21:00:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't! Integrated oil will be doing well for the next few years at least. There are better oil companies to invest in, but hang in there for the long term on Exxon.
2006-06-12 15:28:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
never sale...its a gigantic oil company, the largest share holdings of all oil companies, get in now while the prices are down a little due to inflationary concerns...it will rise again, it has too, there is too much demand for oil, while the supply dwindles the demand does not
2006-06-12 14:32:58 · answer #5 · answered by ka5flm 2 · 0⤊ 0⤋
Not now. Ride this gravey train. I wish I had some.
2006-06-12 14:13:18 · answer #6 · answered by Irish 7 · 0⤊ 0⤋
when it's at its peak
(i own some shares too)
2006-06-12 16:37:47 · answer #7 · answered by crunkmyfunk5 3 · 0⤊ 0⤋