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

Advertisement

Anonymous

22 Nov 2020

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?

Jansen Ng

Jansen Ng

11 Nov 2020

Level 7·Business Student at Ntu

If you feel market is high, can take some profits first. eg 20-30%. Keep as cash first and redeploy later on.

it also works as a rebalancing strategy. Holding the investment, and buying more when it dips, only works if you have a stream of money to channel to investment

If you are looking at long term, ignore the short term fluctuations. No point trying to time the mar...

Read 8 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Continue with Facebook
Sign in with Apple

Sign up or login with an email here

Write your thoughts

Advertisement