Quote:
Originally Posted by fujiko
This question is for anyone familiar with the stock market.
Should i hold or just cash out... im left with $14,192 on that particular investment.
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You're talking about a "particular investment". Without knowing what it is, nobody can give you any decent advice.
Several scenarios:
- you invested in an index fund, or a broad basket. If this is the case, in a few years (5-10) your investments are likely to have gone up again. There is a risk to this, but historically speaking, it's a small one.
- you invested in an index fund, or a broad basket, and don't want to wait 5+ years before seeing your money again. Take it out now to minimize risk, or keep it in for a bit longer if you think a big upward surge is likely. Each is risky.
- you invested in specific stocks, and you're Warren Buffet. You probably based your investments on extensive research, so in the long run, values should go up again.
- you invested in specific stocks, and had very little idea about what you were doing. You're fucked. Taking it out now means you get to swallow large losses, keeping it in means you run a very real risk of losing it all. Seriously, what the fuck were you thinking?