DFH - 3 Stocks That Have Doubled My Money Already but Still Look Like Dirt Cheap Bargains
2024-05-17 06:11:00 ET
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain.
I have a few examples of stocks like this in my own portfolio. All three of these are up by 100% or more in just a few years but still look like attractive investment opportunities today.
Dream Finders Homes (NYSE: DFH) went public in 2021, and I started buying shares soon after. But I aggressively added to my position when the real estate market slowed to a crawl in late 2022 and the stock plunged. Today, my overall Dream Finders investment is up by 110% from what I paid.
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3 Stocks That Have Doubled My Money Already but Still Look Like Dirt Cheap Bargains