this post was submitted on 29 Sep 2023
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Portfolio Dilemma: Hold or Add More? (lemmy.ca)
submitted 1 year ago by mxwarp@lemmy.ca to c/personalfinancecanada@lemmy.ca
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I'm currently wrestling with a dilemma. Two significant positions in my portfolio have dipped by 15%. These are solid companies that I intend to hold for the long term. However, I've reached my allocation limit for them in my portfolio, so I can't increase my holdings. I'm curious, how do you handle such situations? Do you choose to patiently wait it out, or do you consider adding more & averaging down even when the stock has already reached its allocated percentage in your portfolio?

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[–] investorsexchange@lemmy.ca 1 points 1 year ago

You’ve reached your allocated percentage. That’s what makes it a portfolio and not a casino. I suggest waiting patiently.

[–] zhenbo_endle@lemmy.ca 1 points 1 year ago

Quote "Don't time the market"

If the stock's price only dipped by 1.5%, would you add money into it? If not, I'd suggest to wait and think again.