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But, of course, some companies saw losses and/or lost their place in the portfolios of investors.
Many savvy investors got rid of select stocks in 2024 as part of their long-term investment strategy.
Its about knowing when to say, Its not me, its you.'
Here are seven stocks that investors told GOBankingRates theydumped in 2024.
In 2024, he sold his shares in the company.
However, it became clear that the momentum I anticipated wasnt materializing.
But over the months, the company has failed to deliver on its promises.
Kleeman added: When management avoids the tough questions, its usually time to rethink things.
Add in global supply chain issues and suddenly the future doesnt look so green.
Since dumping GreenFuture Energy, Kleeman has shifted his focus to larger, more established renewable energy companies.
NextEra Energy is one hes particularly drawn to.
Global Retail Co.
Retail, as Kleeman put it, is a real roller coaster.
Initially, Global Retail Co. seemed like a safe bet, but in time Kleeman began to question that.
Itslatest earnings reportshowed a sharp decline in same-store sales, and that was the signal for me to leave.
Urban Mobility Inc.
Urban Mobility Inc. was my why not investment, Kleeman said.
Carpooling, electric scooters: It all sounds futuristic and cool.
But whats cool doesnt always pay the bills.
When user growth started to slow, I knew it was time to end this business.
Approval times continued to slip and their R&D spending spiraled out of control with little result.
At some point, you have to stop waiting for potential and start looking for results.
If made wisely, the decision to break up with an investment is heavy with contemplation.
Its also a symbolic goodbye to aparticular financial dream.
Nonetheless, I have come to rely on both my intuition and the empirical evidence to guidemy decision-making process.
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