[ponygirl]

I’m seriously thinking of just taking the huge loss and cashing out my IRA. I know I should have done this earlier like many others here, but if the bottom is coming, I can at least get a little back.

Sigh. I tried to do that back in November and my broker talked me out of it. Should have ignored him.

[Deo volente]

Best to sell some of your stocks into any rallies that might develop. When the market shoots up temporarily, take some of your stock holdings off the table. That way, you soften some of your losses.

Even a vicious bear market like this one has occasional sharp rallies. The market had recently jumped 20% off its November lows before dropping back down in the past two weeks. Those are the times to increase your cash position.

[RipSawyer]

“Sigh. I tried to do that back in November and my broker talked me out of it. Should have ignored him.”
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A short while back I wasted half an hour trading posts with someone on FR who instructed me that as long as you haven’t sold you haven’t lost anything yet. I can look him up if you want to have him reassure you, he seems quite certain of his own wisdom. He tells me I am just not smart enough to see the brilliance of his reasoning.