ES3/G3B: Continue Holding or Sell?

[EmporioArmani]

Hi Fellow MM peeps, I have some questions to ask you guys. I have been DCA-ing after following MM/SSI for quite sometime, and people here recommend DCA of Index Funds if we have little investing knowledge. Of course I did my fair bit of research before jumping in into the fund.

I have been DCA-ing for quite some times, and recently as you guys know, the price has been increasing steadily and I have paper-earned quite a fair bit.

I have read one article before, and they mentioned that even for DCA, one still has to sell at the right time in order to earn from it.

I was wondering that since I my average cost of my funds is around 3.15, and the price has been around 3.35-3.45 on average, should I sell all of my current holding, and I start DCA-ing again, or should I just hold all the way till my retirement age, regardless of how the market is doing currently?

 

[Dyhalt]

1. What makes you think it's the "right time" now? and not 2 months, 2 quarters, 2 years or 20 years later?

2. If your reasoning for exiting is because you are sitting on some paper gains. What will you do if the price went to 3.8 instead of dropping below 3.15?

3. If the reason you buy ES3 is because it generated an average returns of 8% CAGR since its low in 2009, has this fundamental changed? or you've seen an opportunity elsewhere?

Invest smart, think smart and be your own master is the only way to be a successful lifelong investor.

 

[Wood41]

Never fall in love with stocks.

 

[Lucky_Farmer]

Hi Fellow MM peeps, I have some questions to ask you guys. I have been DCA-ing after following MM/SSI for quite sometime, and people here recommend DCA of Index Funds if we have little investing knowledge. Of course I did my fair bit of research before jumping in into the fund.

I have been DCA-ing for quite some times, and recently as you guys know, the price has been increasing steadily and I have paper-earned quite a fair bit.

I have read one article before, and they mentioned that even for DCA, one still has to sell at the right time in order to earn from it.

I was wondering that since I my average cost of my funds is around 3.15, and the price has been around 3.35-3.45 on average, should I sell all of my current holding, and I start DCA-ing again, or should I just hold all the way till my retirement age, regardless of how the market is doing currently?

Do you follow the Shiny Things' suggestion to keep a certain part of your portfolio in bonds following the [110-your age] formula. If so, this is a good time to do a bit of balancing (sell stock + buy bonds or keep the current stocks and buy bonds to match) to ensure your portfolio will follow such ratio. In case the stock market crashed, the bonds in your portfolio will go up and absort some of the fall.

 

[Mecisteus]

Hi Fellow MM peeps, I have some questions to ask you guys. I have been DCA-ing after following MM/SSI for quite sometime, and people here recommend DCA of Index Funds if we have little investing knowledge. Of course I did my fair bit of research before jumping in into the fund.

I have been DCA-ing for quite some times, and recently as you guys know, the price has been increasing steadily and I have paper-earned quite a fair bit.

I have read one article before, and they mentioned that even for DCA, one still has to sell at the right time in order to earn from it.

I was wondering that since I my average cost of my funds is around 3.15, and the price has been around 3.35-3.45 on average, should I sell all of my current holding, and I start DCA-ing again, or should I just hold all the way till my retirement age, regardless of how the market is doing currently?

After selling, what do you plan to with the money?

If you don't need the money to pay for a big ticket item like a wedding or a renovation, you might as well continue the plan and keep for a longer period.

This is supposed to be a long term plan like how you purchased an endowment plan.

 

[Shiny Things]

I have read one article before, and they mentioned that even for DCA, one still has to sell at the right time in order to earn from it.

The "right time" is when you need the money.

The point of dollar-cost-averaging is that it buys you stocks that you can sit on for years or decades, until you retire.

 

[unhinged_loon]

I will only sell when it is in bubble territory with insane valuations. The STI is certainly NOT in a bubble right now.

 

[unhinged_loon]

After selling, what do you plan to with the money?

If you don't need the money to pay for a big ticket item like a wedding or a renovation, you might as well continue the plan and keep for a longer period.

This is supposed to be a long term plan like how you purchased an endowment plan.

Some people think that property is good.




Never fall in love with an asset class.