facebookBought some ETF's (including VOO) at low prices. Now the prices have jumped and I have a profit of $10k so really tempted to cash out and probably, buy again when prices drop. Is this a right move ? - Seedly

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Anonymous

22 Nov 2020

āˆ™

General Investing

Bought some ETF's (including VOO) at low prices. Now the prices have jumped and I have a profit of $10k so really tempted to cash out and probably, buy again when prices drop. Is this a right move ?

My investment strategy is for long term (not trading) but still very tempted to pull out now.

Discussion (10)

What are your thoughts?

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Timing the market is a fool's game

Let's start from the beginning.

Why are you investing?

Is it just for profit gain hit and run?

I think at the end of the day, when you say u invest for the long term, then do the things you need to do for the long term...

Buy and go away!

I've told myself, either i reach my goal or i do nothing once I've decided to invest for the long term.

So in summary, do nothing till you reach your goal.

Because though u see 10k profit today and you think it's a lot. 5 days later if u choose to do nothing, you won't think it's a lot.

Look at TA and FA, don't love the stock

I don't see why not. You are adopting a long term strategy by investing in ETFs. I highly advocate a...

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