Say, 3 weeks ago, I have own total $10000 stocks which issue dividend, and the average yield is 3%. So I receive $~300 an year. Today, the market value of the $10000 now remains $5000.
And so far I strongly feel the market will keep going down for probably another 3 or 6 months, and probably won't bounce back to the 3 weeks-ago level in the next couple years.
Based on my assumption, doesn't it make best sense to sell all holding A.S.A.P., hold cash, and then buy back later this year (or next year) while the market stablized?
I cannot make the math work for me for the case to hold and doing for dollar cost average all the way. I am throwing money into void this way (based on my assumed scenario). And the risk of losing money is much higher than make a fortune in this event.
Does there some theory that can make sense Dollar-Cost-Average at this moment?
Note: Of course, there is absolutely some chance that the market will bounce back in one or two quarter. But i just cannot believe that happen any time this year.
And so far I strongly feel the market will keep going down for probably another 3 or 6 months, and probably won't bounce back to the 3 weeks-ago level in the next couple years.
Based on my assumption, doesn't it make best sense to sell all holding A.S.A.P., hold cash, and then buy back later this year (or next year) while the market stablized?
I cannot make the math work for me for the case to hold and doing for dollar cost average all the way. I am throwing money into void this way (based on my assumed scenario). And the risk of losing money is much higher than make a fortune in this event.
Does there some theory that can make sense Dollar-Cost-Average at this moment?
Note: Of course, there is absolutely some chance that the market will bounce back in one or two quarter. But i just cannot believe that happen any time this year.