Anonymous
I have an investment of about 4300$ with Nikko AM SINGAPORE STI ETF, averaging at about 3.26 per unit, ( roughly down by $600 ). Now that it costs 2.84, is it wise for me to sell my current holdings to purchase it back at 2.84? Assuming that I do not want to use fresh funds
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Elijah Lee
10 Mar 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
I don't quite understand your question...If you are already in the red, selling will realize your losses. If you sell your units you will end up with about $3700 and then buying back will just cost $3700 again, with brokerage.
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Pang Zhe Liang
10 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
It is possible if you own a crystal ball that is capable of telling you when is the low price and hi...
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Hi Anon, it would only make sense to realise your loss if:
1) you expect the ETF to go down further, so you are cutting your loss;
2) you need the cash to invest in other counters which you think are going to give you better returns
Selling and immediately buying at the same price in the same counter does not really make sense as you will be incurring fees on top of the loss you realised.
Hope this helps!