Typical first world problem.
I have, at current value, around 40k of a violate asset(gone up 15% in the last 4 days) that I paid maybe 15k total for. It's just as likely that this asset will double in value this week or be cut in half.
I'm leaning towards setting an arbitrary goal of selling it once it reaches something like 100k or 150k. Currently I don't need the money for anything and selling now will just hit me hard with short term gains.
I'm sure the "smart" thing to do is just cash out, but 40k at my tax rate is brutal and it doesn't really do much to change anything. 100k or 150k however are much more significant numbers and with a 250k mortgage are actually substantial towards that goal.
I'm just looking for opinions on what you would do in a similar scenario - 40k value in something that taking it is a big tax bill, let it ride, cash it out and put it in the market, something I'm not seeing, etc.
Thanks all!