Considering few options as I realize investing in some individual stocks wasn't the best of my decisions.. sharing some portfolio details below but need help deciding:
- If I should sell all losing positions and then re-invest into an ETF
- If I should DCA into a couple of these positions and sell the rest
- If I should hold and wait it out
Portfolio details:
- Overall portfolio down $9.3k (-12.4%)
- Cash on hand: $10k (17.1% of portfolio)
- Losing positions:
- NIO: -$2.5k (-87%)
- MSEGX: -$6.2k (-65%)
- ENPH: -$3k (-45%)
- QQQ Short: -$6.5k (-34%)
- NVDA Short: -$3.1k (-80%)
I have 15 other individual stocks but all are green. Looking to consolidate to 10 and then rest going into S&P.
I tried finding a calculator online which can help me figure out what the potential return would be if I sold all the losers and re-invested into SPY and held for 20+ years vs. if I held these (hoping to bounce) and continued investing into ETF with my spare cash and monthly investments.
Appreciate the help/advice and happy to share more details.
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