I was reading this on news.com.au. This article…is kinda..dodgy to me.
Should I sell or hold?
Generally the experts recommend that it is better to hold and sit it out.
If you sell your shares or investment in most cases you will be triggering a real loss.
Remember, at the moment it is only a paper loss and you have not physically lost anything yet.
If you sell, as well as making a real loss you then have to find somewhere else to put your money.
This could mean you not only triggered a loss when you sold but you might also miss out on the share price rebound and have to buy in at higher prices.
Well, what do you think about this piece of ‘advice’? I thought it was “awesome”… :lol:.
The real advice the author is trying to say is…in plain english…. Just keep holding your losses, just keep holding..For long term, share market will be going up. Just keep holding …uhm..yeah, just keep holding…uhm…