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Anonymous

16 Aug 2020

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General Investing

I have invested in a few unit trusts and currently have gained about 20% in returns. During the covid19 situation, it went down to about 6% in returns. I thought of selling it and buying again to 'secure' the profit. Has anyone done it?

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YT

16 Aug 2020

If you believe in the future prospects of the unit trust when you bought it initially, then you shouldn't be concerned in a downturn. Investment is a long-term commitment and there are bound to be fluctuations along the way. Stay committed to your initial beliefs.

If you have made an erroneous judgement in the past, then re-evaluate the investment and sell off if need be.

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