IS IT A GOOD TIME TO SELL NOW?
If you fall under one of the categories below, then the answer is yes.
1. You have maxed out your credit card, took a personal loan, used your emergency fund, etc. to buy the unit trusts.
2. You need the money within one year to buy a house, buy a car, pay for your wedding, pay for your dog's funeral, etc.
3. You cannot sleep at night. You are logging onto FSM and this forum on an hourly basis to find out the latest bad news. You are also checking the share market constantly, etc.
4. Your performance at work is being adversely affected. So is your relationship with your family, your loved ones and your friends. You are getting bad tempered and prone to mood swings over minor issues.
5. The paper loss that you have suffered now is more than you can stomach. The bottom line is you have to work for the next 10 years to recover the paper loss.
Question : Have you reached any of the tipping point above?
10 years? Wah. That one really investing above his means already.
5 years la. Haha!
I wonder if anyone here lost 1 year of their salary already. Lol. Or half year.