Should I sell all of my stocks during this market downturn, and wait it out?

Answer 1

Agree with the monk.

When the market turns down, most stocks follow the direction but not all come back. Since stocks are only a click away, it never hurts to keep your powder dry and buy back those that come back.

Answer 2

This depends entirely on your time horizon for your money. If your goal is 10 years away or longer, then keep your current stocks. If your goal is less than 10 years, you should have never been in stocks in the first place.

Why would you sell now and lock in your losses? Then do you plan to buy back your stocks after they have rebound and become more expensive? Sell low and buy high? What's happened has already happened. Don't make the situation worse by reacting. It is an investor's duty to take losses from time to time and not get upset about them. If you are thinking about selling now, you should reconsider being in stocks at all.

This is part of the natural market cycle. The market goes through different seasons, much like the weather on a farm. The growth and warmth of spring and summer turns to the harsh cold of winter, and then back to spring again. As long as the roots are not severed, the crop survives. As long as the roots of our free-market and democratic society are firm, the stock market will survive. Don't yank the plants before they've had ample time to produce the crop. Wait this out and reap your rewards later. Being in stocks sometimes means you have to wait to receive your reward. The odds are stacked in your favor, but only if you hold your stocks 10 years or longer.

You didn't really think the market would only trend up, did you? Being an investor, not a speculator, means that you take the bad along with the good.

Answer 3

No, because you never know when you have hit the bottom. You may sell your stocks only for them to rally the next day. What you should do is buy more stocks as they get cheaper, but not all at once. This is why I love market crashes. It makes it so much easier to find stocks that are on sale. When the market rallies, I like to sell stocks that have gone up a lot.

Just think about it. If something is really cheap, would you rather be buying it or selling it? And if something is really expensive, would you rather be selling it or buying it? Its common sense.

Answer 4

A. Prior to buying any stock or stock Mutual Fund you should have an exit plan. This way you're not "pushed" by your emotions (ie., FEAR).

B. At this point asking strangers, whose qualifications and motives can't be known to you, can be, a worse mistake than not doing item "A" above.

Never invest in anything you don't understand. Always have a plan. Never be driven by;
Fear
Greed
Indecision

A plan will allow you to avoid these three killers of investors!

Answer 5

i think u r already late. if not sold till now, wait it out now. but some ready cash handy to start buying when the tide turns, to make good ur losses.

if u r still on the positive side, do dispose off at least 60 - 70% of ur holdings for the buying frenzy, when it starts.