r/stocks Mar 7, 04:57 PM
Started investing 6 months ago, markets are dropping and I’m back to break-even. Sell ETFs or hold? Hi everyone,
I’m looking for some honest advice from people with more experience than me.
About 80% of my portfolio is currently in ETFs (mainly VBAL and XEQT). I started investing about six months ago, so I’m still pretty new to all of this.
With everything going on in the world right now and the drop in the markets over the last few days, my portfolio has basically come back down to my original entry point. I’m not actually in the red yet, but I’m pretty much at break-even.
This weekend I’ve been wondering whether it would make sense to sell the ETFs, move everything to cash for a while, and wait to see how things develop before buying back in later. My thinking was to avoid a possible bigger drop if the situation keeps escalating.
At the same time, I’m aware that trying to time the market can be a bad idea, and since I’m still new to investing I’m not sure if I’m overreacting to short-term volatility.
For those of you with more experience: would moving to cash in a situation like this make sense, or is it usually better to just stay invested with ETFs like these?
I know I’m still learning, so any pointers or perspective would be really appreciated.
Thanks.
submitted by /u/Teinehc
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