I have been holding these investments for 5 years and it is still in the red, should i just cut losses and put into a better investment? Or continue holding and wait until it breaks even?

A generic question like this with no content and context is hard to answer. I guess there will be many people who are in similar boat as you now or maybe in the past.

I feel you cos I am in similar situation. Made a bloody mistake and my losses are quite significant so even more difficult to cut loss.

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My 2 cents worth.

If the loss is not significant, e.g. can earn back with a month salary, just cut loss.

Currently for me now, the loss is significant so it will forever be my pain.

It depends on why and which life stage. But in general will sell and go into something that makes money.

It depends