During significant drawbacks like we’ve experienced last week, does the strategy of taking a bit of profit to scoop up deals/reinvest at lower cost make sense? Or do you feel the old chestnut “time in the market beats timing the market” hold up? Just because this past week saw unrealized gains drop about 80%.
For reference I’m 60% S&P, 40% semis, oil, and…ahem sofi
In thinking of sticking it out and rather than taking profit, sell the dogs at the end of the year for tax write off.
Love this sub, curious to hear your thoughts, thanks!
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