So recent losses just wiped out about two years + or gains in my brokerage account. What are you doing. Should we just fold and get out?
loss aversion warning
I’m not one to recommend averaging down, but I’d like to add to my positions and see where it lands me in 5 years.
if you’re more conservative, i say move at least 50% of your equity positions to cash/money market/stable value/ fixed income/ etc… start building positions when 1) favorable valuations (i.e. right now) 2) at least 1 month of positive price momemtum just my 2 cent or you can be stubbornly aggressive and dollar-cost average down financials :o (ETFs like XLF, UYG)
dollar cost averaging