From the perspective of stocks investment, other instruments such as options, funds may not apply.
It is not the end, and there are plenty of opportunities to recover.
You have some choices, please consider accordingto your situation at best:
1. Sell your worst, especially those dipping more than 20%, cut off your losses, let it go and move on.
2. if you can't afford to entrench for long term, hoping for recovery, then the bad news is this, sometimes it just takes eternity for your investments to recover.
3. If you have a high risk appetite and enjoy its roller coaster ups and downs, then just simply ride on it. Take it as an adraneline rush that takes weeks and months vs an actual 10 min roller coaster ride inthe entertainment ride. Else, please get down the ride for your mental well being.
4. Of course, if you feel confident that the stock you hold so dear has lots of potential (you have doneyour research), then maybe even consider investingmore such as averaging down(yes I know, subject to argument)
5. Sell everything that is losing money or not making money, leaving only those that is positive.
6. Don't time the market again, you may not win and that applies to even those who scores 100% in their prediction game (yes it's still a game) and geniuses really still get caught let alone investors like us.
7. Go for a vacation.
8. Inhale Courage. Exhale Fear.
Comments
Move onπͺ