Quote:
Originally Posted by Vansterdam
pretty much lost all the gains $ I made from my tfsa mutual funds since putting it in there.
debating if I should pull it all out or sit and wait since I put most of my savings into this shit
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If you do this, you should plan out when your entry point will be.
The problem with cashing out is not knowing when to go back in. It's impossible to time the bottom, so what tends to happen with novice investors that go into cash is not knowing when to get back in. What will happen is the market will rebound and then you'll never get back in because you don't want to buy high, and you'll wait for the next dip, which won't come and it'll pass you by.
So, if you're going to go cash, that's fine, just have a strategy on when to get back in, otherwise the market will rebound and you'll be holding your cash hating yourself.