{ "media_type": "text", "post_content": "If I have a bunch of money sitting in stocks (no options)...do I sell now? Wait & hope market goes up if/when COVID panic is over? 😬😬😬", "post_id": "5e584b55f050d2002a6c37c0", "reply_count": 19, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

If I have a bunch of money sitting in stocks (no options)...do I sell now? Wait & hope market goes up if/when COVID panic is over? 😬😬😬

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How are you a director of anything and asking this?

likefunny

This is exactly what I’m worried about. It feels like this is about to get much much worse as COVID inevitably continues to spread. It already looks like there will he huge LT. ramifications to production, sales, etc. wondering if it isn’t wise to sell now, wait until it gets worse, and re-buy then?

Buy high. Sell low.

likefunny

Buy low. Sell high.

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Put all of your money in railroad bonds, there are fortunes to be made

funnylike

Up 10% on average over the last 20 years. So....BUY BUY BUY the dip! As a matter of fact BUY some more.

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Do you need the money for something short-term? If not, then there’s no need for a knee-jerk reaction. However, investing in the market is always a gamble and your investment strategy has to be based on your risk tolerance. Market corrections are generally healthy. The fundamentals haven’t changed and like any previous virus outbreak, it will be contained and the fear will eventually ease. This is different from the financial crisis days where the market fundamentals were broken.

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Back in December 2018 my portfolio plummeted and I had friends who sold. I stood my ground because stocks generally recover and I came out ahead of my friends. I would do the same in this situation. Just hold and stop looking at your portfolio so much

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I also want to add that dips are a good time to invest even more money in stocks. Think of it as a discount. Thank me next year

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Sale! Everything is on sale. Buy more.

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Dollar Cost Average for life. Might bump my monthly investment for a bit though

Phase 1 - Collect underpants Phase 2 - ?? Phase 3 - Profit

The right time to sell was middle of last week. We didn’t know that then. That’s why we don’t time the market. Sit tight.

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