Personal Investment Chatter

Hello all. I lost a ton in the past weeks with my passive investments. I fear it will be a bloodbath in the next coming weeks. Should I pull out?

like
Reaction Icon Like
Arrow Icon
works at

No, ride it out. Things will get better in the long-term and markets are so volatile now that it’s not worth risking pulling out.

Reaction Icon Like
like
Arrow Icon

Sell and take a tax loss. Buy back similar stocks.

Reaction Icon Like
Arrow Icon

The losses are only on paper right now, don't do anything and wait for the market to rebound.

Reaction Icon Like
like
Arrow Icon

Yes. Pull out some now and reinvest in a month or two. Also if you can take advantage of tax loss harvesting.

Reaction Icon Like
funnylike
Arrow Icon

I can't predict the future but harvesting losses is a smart move you can do now to realize those losses and potentially save over $1k on your 2020 taxes with no risk or real change to your portfolio. Personally I'm reinvesting most of what I sell immediately in something different enough to not trigger wash sales.

Reaction Icon Like
like
Arrow Icon

No selling for the next 20-30 years. Stay put!

Reaction Icon Like
like
Arrow Icon

Anyone who has the certain answer won’t be here answering your question.

Reaction Icon Like
like
Arrow Icon

Thanks Sherlock

Reaction Icon Like
Arrow Icon

Sell now. Buy on new low!!

Reaction Icon Like
like
Arrow Icon

Sell and then buy the new low.

Reaction Icon Like
funny
Arrow Icon

It depends on your situation. Do you need the money soon? Are you concerned about losing your job? If the answer to both is no then just keep investing in and eventually you will be fine. You can try to tax loss harvest then jump back in if you like but then we’re leaving the realm of investing and moving into speculation - which is fine, it’s possible to make money speculating, but it’s also possible to lose a lot of money, so just be cognizant of what you’re doing. My portfolio is down significantly (several hundred thousand) but I am not selling because my time horizon to retirement is still decades away, so I’m continuing to invest at the same pace I was before and looking at dollar cost averaging to smooth things out. It is not the most lucrative strategy but it’s lower risk than trying to time the markets.

Reaction Icon Like
like
Arrow Icon

Op do you have a solid emergency fund?

Reaction Icon Like
Arrow Icon

Housing prices could drop in the next year depending how long this lasts

Reaction Icon Like
like
Arrow Icon

Can u please go listen to Road Town road? Ride till u can’t no more

Reaction Icon Like
Arrow Icon

No.

Reaction Icon Like
Arrow Icon

No.

Reaction Icon Like
Arrow Icon

Always pull out

Reaction Icon Like
Arrow Icon

Related Posts

Met a guy at the firm and we’ve been hitting it off since we met. I’m worried about breaking any rules about dating coworkers. Should I just not let it get any further than lunch/coffee?

like
Reaction Icon Like
Arrow Icon

What's "customer and marketing"? Like what do you guys do? Curious since C&M seems to have been hit hard by the layoffs

likesmart
Reaction Icon Like
Arrow Icon

Anybody know what the Raises and Bonuses are like during Mid-Year promotion cycle?

like
Reaction Icon Like
Arrow Icon

What’s a good salary in NYC for a second year associate campus hire? Is it different with masters?

like
Reaction Icon Like
Arrow Icon

I work in the industrials space and the clients are literally always 100% men. I hate to say it but it feels like it makes it harder to develop good client relationships. Any advice?

like
Reaction Icon Like
Arrow Icon

This was in the post office today

Post Photo
likefunny
Reaction Icon Like
Arrow Icon

Not consulting related but - Anybody wants to be Strava buddy to motivate each other and participate in a challenge of running two times a week? More so looking for frequency rather than speed/mileage

like
Reaction Icon Like
Arrow Icon

Anyone here a security engineer for Google or interviewed before? Wondering what the interview process is like.

like
Reaction Icon Like
Arrow Icon

Are chargers for our Lenovo laptops usually sold in US airports? Flying out of Miami.

like
Reaction Icon Like
Arrow Icon

So Atlanta is now on lockdown until tomm AM... everyone be safe

like
Reaction Icon Like
Arrow Icon

People promoted to senior consultant and manger, how long did it take and what kinda salary increase or benefits did you get?

like
Reaction Icon Like
Arrow Icon

Any recommendations for things to do in midland Michigan ? 😚

Reaction Icon Like
Arrow Icon

Is it realistic to move from T2 to MBB or do you need an MBA to have a chance?

like
Reaction Icon Like
Arrow Icon

Landlord wants the roofer to come tomorrow. I’m moving out next week... is it ok to tell him no due to C19?

like
Reaction Icon Like
Arrow Icon

With no travel, expense budget, and points for the foreseeable future, what low cost high ROI perks can Consulting firms provide during the roni rona?

likehelpful
Reaction Icon Like
Arrow Icon

🐠 - does anyone currently live or has recently moved to Washington DC? What’s your opinion on the city? I’m considering moving there soon

like
Reaction Icon Like
Arrow Icon

anyone traveled to/through Tell Aviv Monday afternoon from San Fran on United and found some Jabra earbuds in their seat? If so, can I have em back please :)

Reaction Icon Like
Arrow Icon

Have a final interview coming up with the head of the group I’m interviewing for, but the official dress code per the person I’ve been coordinating with is ‘business casual’. To me this just means...

like
Reaction Icon Like
Arrow Icon

How does our 401k match works? When is it deposited and how does it get invested? Any smart moves to maximize the return of this additional contribution?

like
Reaction Icon Like
Arrow Icon

Anyone start a new job lately? How's onboarding been during COVID?

like
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview