Anyone ever sell off their entire portfolio as a whole?

[The motor guy]

I sell stock positions individually here and there, but let's say the whole thing goes up 3 percent in one day. Anyone just sell every single position? I bought a few of those electric vehicle stocks and probably 3 or 4 other positions that turned bad. I mean overall I'm up, but I think it wouldn't hurt to just start over with a clean slate and with better picks that you know would probably perform well

 

[Warstud]

I have sold off a basket of losing stocks that I just wanted to get out from under that I've held and watched lose half there value . Is that the situation your in ?

 

[The motor guy]

I have sold off a basket of losing stocks that I just wanted to get out from under that I've held and watched lose half there value . Is that the situation your in ?

AAP is an example. Down 50 percent, then I have 4 or 5 electric vehicle stocks that are down. 80-90 percent. I guess in that case if they're worth practically nothing, might as well hold onto them. Luckily the others make up for these bad picks

 

[SC Maintenance]

Yep. I have sold and sat all cash in the past. Not anytime recently.

 

[JeffKeryk]

If you don't need the money now, and you can wait out a possible recovery, then I would wait.
If you think the stock can not, or will not, recover, that's another story.

Good luck.

 

[The motor guy]

If you don't need the money now, and you can wait out a possible recovery, then I would wait.
If you think the stock can not, or will not, recover, that's another story.

Good luck.

I think electric vehicle stocks will turn around, but no telling when might be 20 years from now

 

[ecotourist]

Ive never done this before but a few months ago I cleaned out everything in my wife's and my own Tax Free Savings Accounts and the same day bought a world wide 80% broad market equity ETF and a Canadian all cap bond ETF. The world wide 80% equity fund has about 40% US equities, plus European plus Far East plus Canadian equities as well as US bonds. These investments are not going to set the world on fire but they're steady and growing moderately well.

For some reason (while our general investment portfolios have doing quite well) these 2 accounts had been doing nothing. I wasn't losing money I just wasn't making much of anything in a generally good market. Sometimes you just have to clean out the barn. They're both doing fine now thank you very much.

 

[zzyzzx]

No. I buy and hold forever and collect the dividends.

 

[Pablo]

I sell stock positions individually here and there, but let's say the whole thing goes up 3 percent in one day. Anyone just sell every single position? I bought a few of those electric vehicle stocks and probably 3 or 4 other positions that turned bad. I mean overall I'm up, but I think it wouldn't hurt to just start over with a clean slate and with better picks that you know would probably perform well

How old are you?

What else in your portfolio?

No. And Why?

 

[Kalle.J]

Once, December 2019. Bought back in Summer 2020. Good bit of profit.

 

[paulswagelock]

When in your scenario, I use tax loss harvesting to my advantage.

 

[ARCOgraphite]

When in your scenario, I use tax loss harvesting to my advantage.

But are these held in an IRA or Brokerage?

No annual realized gain or loss tax impact in an IRA.

 

[ARCOgraphite]

Couple years ago, moved wife's stuff to EJ from Fidelity, much of it couldn't travel in kind so it had to be liquidated then reinvested - though individual securities can travel - she only had one such from a corporate stock option.

Last year moved back to Fidelity with me again managing her portfolio as EJ wasn't performing. Advisor didn't even notify when her only stock was tanking, I was not well at the time and not watching as EJ took the tiller - and the till !

 

[John105]

I’ve transferred entire portfolios due to wife’s jobs being in securities, to meet the requirements of employers’ corporate compliance. As to selling all at once no, but that is rarely a good idea. Likely to reduce returns.

 

[John105]

Couple years ago, moved wife's stuff to EJ from Fidelity, much of it couldn't travel in kind so it had to be liquidated then reinvested - though individual securities can travel - she only had one such from a corporate stock option.

Last year moved back to Fidelity with me again managing her portfolio as EJ wasn't performing. Advisor didn't even notify when her only stock was tanking, I was not well at the time and not watching as EJ took the tiller - and the till !

Granted I’m lucky diy has been ok. My cousin is a high net worth advisor and he’s done well, 2 AMG cars, 7000 sq ft home in north Jersey, investment properties, whatever the top of the line Tesla happens to be at any given time, etc. But I always think all his spoils are a result of clients trusting him to churn their money.

No offense to him but he’s the 75% that Jack Bogle said can’t beat the market. So why pay him to try

 

[JeffKeryk]

No. I buy and hold forever and collect the dividends.

Dividends rock! Especially in retirement...

 

[John105]

No. I buy and hold forever and collect the dividends.

When I was maybe 4-5 years into investing, a gentleman I met told me that. He worked for Niagara Mohawk and I met him at Mt Tremblant. I recall Dell tanked and I was worried. He said he never sells, as a matter of fact he never had and didn’t exactly know how.

Flash forward 25 years. He was in the right, be it wisdom, coincidence, the way things work, etc.

I’ve met many people who tried to time the market in my lifetime, and nobody who claimed it worked over a sustained period of time….

 

[Donald]

I sold a good chunk of my portfolio when S&P went over 5000 and took the proceeds to pay off mortgage.

House is mine (and wife).

Retiring without a mortgage is less stressful. As you get older you need to reduce stress (and get proper sleep, diet and exercise).

 

[Sumboodie]

I send money every month and maybe in 20 years it'll be good. The $$ spent is "written off" aka never existed. Don't watch it. Get an annual report and I may glance at it.

Been going since 1996 and doing fine.

 

[mjk1967]

No.
And my account still shows the wise penny stock I got into... WLSI.
Gonna change the MRI industry. Went bankrupt less than a year, after I threw some money at it...
LOL