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Portfolio Dilemma: Hold or Add More?
(lemmy.ca)
"Averaging down" is kinda an illusion. Buying more doesn't make the stock you already bought any cheaper. Just ask yourself, "would I buy it at this price?"
All that said, never invest more in stonks than you're willing to lose. It's basically a casino after all.
You’ve reached your allocated percentage. That’s what makes it a portfolio and not a casino. I suggest waiting patiently.
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.
Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!