Anonymous
I'm seeing a lot of paper losses and just wondering if not is a good time.
4
Discussion (4)
Learn how to style your text
Reply
Save
Eliezer
27 Mar 2020
Content & Community Lead at Syfe
Seeing your portfolio value slide is undoubtedly painful, but by pulling out now, you would have converted what would have been a paper loss to a permanent loss. When markets start to recover, you may not be ready to reinvest, and could then miss out on the recovery.
If you’re investing in the stock market for long-term goals, like retirement, it’s best to stay invested. One psychological tip to help you hold on and avoid unnecessary stress could simply be to not check your portfolios so often.
You may also find this helpful: https://www.syfe.com/magazine/how-to-protect-yo... If you need more in-depth advice, our advisors are also here for you https://www.syfe.com/financial-advisors
Stay healthy and all the best!
Reply
Save
Tan Kel Vin
26 Mar 2020
Financial YouTuber at Kelvin Learns Investing
Ask yourself these questions.
Do you need the money now?
Did the reason for buying your stoc...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
As long as you dont need the money urgently, hold hold hold. And like Kelvin said, may even be better to start unvesting more if you can.