facebookShould I pull out my stocks now given Covid-19? - Seedly

Anonymous

28 Mar 2020

Random

Should I pull out my stocks now given Covid-19?

I'm seeing a lot of paper losses and just wondering if not is a good time.

Discussion (4)

What are your thoughts?

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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.

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!​​​

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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...

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