This is sage advice as usual, friend!

I buy and hold, but I also use your strategy. If something I bought goes way up, I withdraw at least my initial investment. That way I'm no longer risking any of my initial capital. That's a fantastic and wise strategy!

Now, don't get me started on people using profits to buy expensive doodads! They are not being wise, but then who am I to tell them how to spend it, right?! haha

They can buy that uber expensive lambo, sure. Please don't cry to me when it costs you 1K a month in insurance though. ;-)