Back story: I have a fairly small portfolio that I’ve kind of had as an afterthought for years. Maybe once a year I’ll throw a bit of money into it, and usually I’ve bought new stocks each time. I didn’t use any real strategy, and I’ll be the first to admit I messed up. I diversified my portfolio way too much and have 16 different stocks and etf’s for a portfolio that’s now only worth $2500(down 36%). It’s mainly made up of minimally researched risky stocks that have vastly underperformed.
I figured from here, I have 3 options:
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Dollar cost average and buy into all of the stocks in my current portfolio that are down 40-70% and hope that at some point they turn around.
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Leave all of the current stocks alone, and only contribute any new dollars from now on into a single VTI or VOO fund
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Sell all of my current portfolio, eat the large loss, and use that to buy a single VTI or VOO that I will continue to invest into moving forward.
Curious the thoughts of what I should do to save my portfolio and have the right strategy moving forward.
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