That feeling when you owned a stock and held it for a good while and when u finally sold it, low and behold the stock went up almost 1000%…. To bom$*pu$$#ra!@clawt, it makes you question your entire approach also tempt you to go all in the next stock you believe in.
This was the case for me with Wheeler Real Estate Investment Trust Inc. (WHLR traded on the NYSE). WHLR is a real estate investment trust (REIT) which is a company that owns, and in most cases, operates income-producing real estate.
Wheeler Real Estate Investment Trust Inc is a fully-integrated, self-managed commercial real estate investment company focused on acquiring and managing income-producing retail properties with a focus on grocery-anchored centers.
“REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate.”
I accumulated quite a few stocks and for a few months enjoyed a dividend of $USD 0.018 per share monthly. Then I got a bright idea one night that I would sell all my holdings in WHLR and re-invest it in the Canadian Market due the the weaker $CAD (loonie). So at exactly 9:45 the following morning I hit that sell button, funny enough I was happy with my business as the stock, when I purchased for $USD 1.20 was up and now was trading at $USD 1.50 and with the exchange rate that would have been equivalent to about $CAD 1.95 .
I re-invested in other stocks, can’t remember which at the moment (LOL) and was feeling content then I saw the stock jump from $USD 1.50 to 2.35 in after hours trading, I was like WTF TPC, but it was a missed opportunity to cash out at a higher rate, but the margin was still relatively close.
The following day I woke up to an alert that WHLR was up 60% in pre-market BBC!!! Then it just got worse, to date the stock is now at a high of $USD 13.52. So I missed out on approximately $USD 1000 in capital gains, profit from the sale of property or of an investment.
$1000 may not sound like much but in the context of my journey I would already have surpassed my 2017 dividend goal in Canada. Still deh pon the trod nah mek that side track mi too much, because as a novice with little or no information I could have never know that WHLR that I purchased for $1.20 would not be $13 plus. Joys of the stock market…….