facebookWWYD? Just checked on my investment account and it's down by 1k+ after investing in it for 3 yrs ish. Should i cut my loss and redirect it elsewhere or hold until market recovers? - Seedly

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Anonymous

12 Aug 2023

General Investing

WWYD? Just checked on my investment account and it's down by 1k+ after investing in it for 3 yrs ish. Should i cut my loss and redirect it elsewhere or hold until market recovers?

I dont want to be hasty but i'm feeling a lil affected. What's worse its it was already reinvested, hold or sell?

Discussion (11)

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Investing is for the long term. Maybe assess what you have invested in and decide from thereon.

If you dont need the money, hold it until the market recovers

3 years, 10% still down? Possible if you invested in all time high. Would hold on to 5 years max then liquidate, this is assuming it's just an ETF or some mutual fund though.

If it's in a few companies, then consider if the industry/fundamentals have changed and switch to something else accordingly.

Ask yourself, why are you in this investment in the first place? is it because you believe in the long run, the fluctuations in the market will eventually bring you your desired returns? If yes, hold. If not, sell and learn from your mistake

If you are investing long term, like more than 10 years, then you should hold on. But if you did inv...

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