Quote:
Originally Posted by CaptainYooh
I am about 17% down YTD on the overall portfolio value. Every day for the past 5 months I kept telling myself to wait another week until the market starts recovering, yet it keeps creeping down. Maybe, it's time to cut the losses, cash out and wait until whatever crap is happening to the markets happens and ends.
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Depends on what your time horizon is and what you’re holding. In general though, it’s a poor time to sell. Plenty of people are, having bought high and are now selling low, but it’s not likely a good decision.
(Tax loss harvesting is another matter of course, but there are ways to do that more effectively)