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Old 02-25-2020, 03:46 PM
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Dean2 Dean2 is online now
 
Join Date: Dec 2008
Location: Near Edmonton
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Quote:
Originally Posted by The Elkster View Post
I think most here are grossly underestimating the impact of this virus event. Good luck to those who stayed in.
So to be clear. For most longterm buy and hold investors, the market has to come off 20 percent and in many cases up to 50 percent, as in drop to half where it is now, before it would make sense to sell, pay the tax and sit on the sidelines till you are sure the market has bottomed. The larger your accumulated gains the more the market needs to drop before you break even, let alone end up ahead by selling out. Each person needs to do a detailed analysis, specific to their individual situation. You need to know exactly how far your individual stocks will have to drop for it to make sense to sell. Even of the market comes off 40% it doesn't mean the stocks u are holding will do that bad or they could do far worse.

To just advise to sell out because things are gong to be bad is just way too simplistic and if you investment advisor is giving u that kind of advice then you need to fire him.
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