delamer wrote: ↑
Wed Jan 15, 2020 12:02 pm
an_asker wrote: ↑
Wed Jan 15, 2020 9:16 am
I haven't followed the whole thread but am really interested from a human behavioral perspective (not that that is anything I do for a living): of those folks who were
-ing right around a year ago about not selling when the market was high in 2018 - when(if) did you sell in 2019? If you are still holding on, why are you doing so?
A lot of people in the forum did tax-loss harvesting in late 2018 after the drop (me included). Not quite what you were asking, but making lemonade out of lemons.
I did a sale earlier this week in my taxable account because I really needed to rebalance it due to the stock market runup (cash/bonds were about 1/3 lower than my target asset allocation). Not looking forward to paying the taxes, but in that case the asset had doubled in value so I sold high.
Hopefully what the above says from a human behavioral perspective is that I acted rationally in the circumstances.
You are not in my target population
I was trying to find out who met the following criteria:
- in December 2018, they were complaining that they didn't sell at the high of 2018
- sold sometime in 2019
- not for tax (gain or loss) harvesting, rebalancing, etc
To those folks who meet the above criteria, my questions are:
- when in 2019 did you sell?
- if you didn't sell in 2019, why are you still holding - especially after complaining in 12/2018? Are you waiting for the next downturn so you can come back and say the same thing all over again, i.e., "Dang it, I should've sold in 1/2020 when the market was at a high"?