Should You Dump a Losing Stock During the Pandemic?
There's a lot of general financial advice circulating during the COVID-19 crisis. Boost your emergency fund. Don't take on new expenses. And leave your investments alone.
The latter is good advice in theory. Most portfolios have taken a substantial hit in the wake of COVID-19, and if you unload investments when they're down, you lock in losses. If you leave your investments alone, however, you may not end up losing a dime after all is said and done.
But while dumping your stocks isn't something you should do on a large scale, it could pay to unload a specific investment that just hasn't been doing well these past few months. If you're thinking of going that route, ask yourself these three questions.
Source Fool.com
