Should I Sell My Stocks?

We have seen some massive stock market drops today from a global sell off of equities. $1 Trillion has been lost just in Apple, Nvidia, Alphabet, Meta, Microsoft, Tesla and Amazon.

So what do you do if the stock market tumbles? Obviously if you could invest perfectly you'd be selling at every high point and buying at every low point. But that is nearly impossible to do.

When stocks start to tumble it can be easy to think you should sell your stock now before it drops further. However, whenever I have let emotion determine my stock market choices I end up losing. That's why I won't be selling my stocks.

I use the dollar cost averaging strategy. This is where I invest consistently over time. I end up buying at the high points and low points, but over time it averages out. It keeps my money in the stock market and has provided great returns.

Small consistent investments are the way to go. They can build to well over a million dollars if you start early and invest often.

To be able to invest you need to be wise with your money. Budget, be frugal and save money for investing. I know I'll be saving cash in order to either invest in the stock market or take advantages or dips in the real estate market and purchase another rental property.

[pokergeniusordonkey]

You're right.
Avoid emotional decisions.
I bought a few shares on Friday of a bank that I had had my eye on for almost two years. The price was finally down to what I thought was reasonable.
I didn't know there would be a global crash on Monday.
It felt crappy, but I had to remind myself why I bought the shares the first place. It is just a few shares of a dividend stock that I can hold for ten years, or more, if I have to.
I wont get rich on these few shares, but I'm likely to get a better overall return than a ten year bond if I just hold, and that is a perfectly acceptable result.
If the price goes down more, I might buy more.
Today it's almost back up to where I bought it.

[goshmain]

Nice bro. I'm 23 year old I saved like $4200 by investing %25 of my income every month (I don't live in US).

this week I lost about 15% and now I am at $3650 and I bought $100 intel LOL.

I want to sell my stocks and buy a car which I don't have. But I think recession is not coming and we will see stocks rising in September and Octomber.

I feel sad because I don't understand the stock market. I seem unlucky because I buy stocks on the 10th of every month, and they always seem to peak on that day before going down. Over the past 12 months, there was only one time I didn't buy, in May due to health issues, and it turned out to be the worst possible month to skip, as the stocks were at their lowest point for the entire year. This caused me a lot of psychological distress.

idk I started investing to not touch this for the next 20 years and invest every month no matter what, exactly reasons you mentioned dollar cost average.

but I want a car, and I don't want to take a loan cause I hate paying bank every month and interest rate in my country is massive 10-15% I don't know what to do.

[aleree]

Yes everyone sell their stocks right now!! Sell them all please!!