And with that I am rotating my answer 180 degrees away from Quantitively Finance to Behavioral Economics. Since taxes are not a factor why not shift your position out of single stocks into index funds? There are many behavioral suggestions here. I don't know enough about you so I am going to suggest that you are not comfortable with the level of risk in your portfolio. Determining your risk tolerance and managing it is hard. There are no easy answers.It seems I am wrestling with a pitfall associated with single stock investing.
To boot, “the exit strategy.“
I thought I would be able to slowly de-risk with small percentages, but it seems as if I have to be as aggressive on the exit as I was on the entry.
This is a pitfall I was unaware of.
I will suggest 2 books. Thinking in Bets by Annie Duke. This is the easier book. Thinking, Fast and Slow by Daniel Kahneman. This is the better book. Both are aimed at the lay person.
Statistics: Posted by alex_686 — Thu May 16, 2024 7:17 pm
