facebookShould I sell away my STI ETF and when should I sell? Is a <20% loss okay? - Seedly

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Anonymous

09 Jan 2021

General Investing

Should I sell away my STI ETF and when should I sell? Is a <20% loss okay?

I have waited so long ( for years) for it to break even and covid just made it longer. Why do people even buy/keep it?

Discussion (1)

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Chris

09 Jan 2021

Owner and Writer at Tortoisemoney.com

The advice I tend to give regarding cutting losses is generally that, if you have a better investment idea to put your money in, it is not wrong to cut your loss and move to another investment.

So right now, what I would do is to compare your expectations for the STI in the next few months to the next investment that you'll likely shift your funds to if you were to sell off your STI ETF investment. If the prospects on the other investment looks better, go ahead and shift it over. There is no shame in cutting a loss.

Personally, I am not vested in the STI.

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