66. When Should I Lock In My Losses?
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Description
In today's podcast, we're chatting about when the "right time" is to sell your investments if they're in the red (hint: there is no "right time").
Do you hold on and hope that it recovers its value, or do you cut your losses now and recoup what's left? We dig into this and more.
Specifically, we discuss:
Why does your investment portfolio balance move in the first place? Biases when investing; anchoring & the status quo bias Can you expect linear investment returns?Questions to ask yourself when weighing up the decision to sell or not - plus a worked example with Christine's sharesIf you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
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