Hi everyone, wanted to get your thoughts on how I should handle entering the market right now. Technically I’m in the market already through vested stock that I’ve held for about 2 years. I have yet to sell any of my vested stock (around 1000 shares).
I want to diversify now but am worried about buying other stocks right now since everything seems so overvalued. I’m worried a correction will happen and my cost-basis would be terrible. However, I’m in for the long game here and would just buy about 10-20 less-risky stocks (GOOG, AMZN, etc.), with maybe 15% left for riskier holdings.
So I’m stuck between a few options:
-
Sell my vested stock and diversify my portfolio, knowing that I’m buying in at a high price.
-
Sell and put the majority in index funds
-Sell and just keep cash ready for if/when the market corrects itself.
Any tips on how I can best take advantage of my vested stock?
Submitted December 06, 2020 at 02:29AM by CentristIdiot https://ift.tt/33JIKXu
