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No. of Recommendations: 8
I am staying put. Interested to hear others' strategies

Yes, now does not seem like the time to be exiting if you've held this long (I have). Stocks could of course go lower, they always can go lower, that I've learned... but it sure seems like we're closer to the bottom than the top. The sentiment is just so bad, though, don't know what will change that in the near term.

Fully agree that buy n hold at very high valuations is not wise.

I'm not sure you can say that, either, though, as valuations had been "very high" for years before this drop, too, so had you exited at the high valuations of 2018, or 2019 you would have missed a lot of gains. Now the valuations of those years weren't as high as they got in late 2021, but at the time, they seemed overly high but kept going up. And a lot of my investments are in taxable accounts and I had already taken large gains for the year, so I figured I'd save some for the next year, lesson learned there, don't let taxes dictate taking gains!

If (when, hopefully) we get back to more reasonable levels (IMO, doesn't have to be ATHs, that could take awhile), what I will do differently is not have so much of my investments all in the highly volatile, high growth sector. Yes, when they're going up, it's great, but the last 6 months has been just brutal. Everyone's situation is different, but I'm recently retired, and this is more downside than I ever realistically thought I would see. I've been investing for a lot of years, and I've always been OK with the risk, never bothered me much, but I am thinking about the accounts too much now, I realize that means I need to not be quite so concentrated in the high growth sector. When the market overall is up or maybe just down a percent and every holding I have is down 5-10%, that's hard to take day after day, and that's what it has felt like this entire year.

I still have great confidence in the companies I own, but it will sure be great to get back to the market feeling the same.
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