Asked by Anonymous
I have a diversified portfolio of Singtel, Venture, AEM, Olam, Keppel Corp and SembMarine totalling 130k but currently at a loss of about 30% due to market downturn - I don’t need the money, should I just leave the investment there ? I was thinking if I should cut loss but not like I have better things to do with the money. What do you think?
This is the current market trend and i feel personally there is no need to cash out... What i feel is you can do rebalancing of your portfolio. Top ups~gradual topping up to rebalance..
if the reasons you bought them are still intact, then you should keep them. paperloss of 30% due to market downturn is not a "right" reason to cut loss.
Well, how long you intend to hold them for? How do you view these stocks will perform in the next 5 to 10 years? If your view is positive, go ahead and hold them for now and double down when market tanks further to average out your cost.
The decision to sell off should also come be determined by the alternatives you have. If you have no viable alternatives or strategies to park the cash, perhaps holding on may be your best bet