03-20-2020, 11:40 PM
Thank you for the great responses. I totally understand the rationale behind the strategy.
Crazy busy week, everything changes rapidly now, and finally have time to surf here.
I did sold almost everything and hold cash at this moment.
My move was based on a few things:
1. The DG+Growth portfolio (70% CA) was relatively new (2 years), which means its cost was pretty high compares to a decade old portfolio. Therefore the portfolio had very little buffer to deal with this level of market crash.
2. I don't foresee strong future personal cash flow increase. That means it will spend too many years for the portfolio to reach a meaningful cost-average (to me. means it becomes even to what I invested).
Therefore I took the path to turn everything to cash. And one thing i didn't foresee before sold my positions: there are too many dividend cut recently and many of them were in my portfolio. I think I was just lucky and did the right thing for my own assets.
I plan to take a pause, study the new landscape slowly, and will have to pick a timing to rebuild a portfolio.
Crazy busy week, everything changes rapidly now, and finally have time to surf here.
I did sold almost everything and hold cash at this moment.
My move was based on a few things:
1. The DG+Growth portfolio (70% CA) was relatively new (2 years), which means its cost was pretty high compares to a decade old portfolio. Therefore the portfolio had very little buffer to deal with this level of market crash.
2. I don't foresee strong future personal cash flow increase. That means it will spend too many years for the portfolio to reach a meaningful cost-average (to me. means it becomes even to what I invested).
Therefore I took the path to turn everything to cash. And one thing i didn't foresee before sold my positions: there are too many dividend cut recently and many of them were in my portfolio. I think I was just lucky and did the right thing for my own assets.
I plan to take a pause, study the new landscape slowly, and will have to pick a timing to rebuild a portfolio.